Solana News Today: SOL Price Climbs 1% on ETF Demand

Key TakeawaysSOL holds above $137 as ETF inflows expand institutional exposureBullish momentum builds after a rebound from $130 weekly supportSpot and futures demand increases, with open interest rising 5%ETF Inflows Anchor Today’s UpsideU.S. Solana ETFs have now recorded 15 straight days of inflows, adding $8.26 million on Monday and bringing cumulative inflows to $390 million. Total net ETF assets now exceed $513 million, reflecting persistent buying pressure from institutions even as Bitcoin and Ethereum funds saw notable outflows last week.Source: BitwiseThis trend aligns with earlier surges, including $30 million in new-ETF inflows and Bitwise’s BSOL reaching $478 million AUM. This week, VanEck also launched its SOL staking ETF.  Technical Rebound from Key SupportSolana recently bounced from the strong $130 support zone, a level that previously triggered rallies of 108% and 98%. Short-term charts show a V-shaped recovery, lifting SOL from its recent local low.Momentum indicators are improving: the RSI has climbed to 50, reflecting stabilizing market sentiment. However, Solana remains under all major trend averages:Source: TradingViewThese levels highlight continuing overhead resistance, signaling that broader trend confirmation requires price strength above the $145–$160 region, especially the 20-day EMA near $160. On-chain and Derivatives Data Show Buyers ReturningDerivatives markets show growing bullish momentum:Futures open interest rose 5% to $7.3 billionFunding rates shifted positive at 0.0059%Net taker volume flipped positive, confirming increased spot demandOn-chain data also shows improving network activity, including an 18% rise in daily active addresses and a 9.1% increase in daily transactions, reinforcing the broader Solana network growth narrative. SOL Outlook: Key levels to watchSOL’s immediate challenge is breaking above the $145 resistance, which aligns with the upper boundary of the recent descending structure. A close above this level could target the $167–$170 zone, completing the V-shaped pattern.If momentum persists and SOL reclaims the 20-day EMA at $160, analysts note potential upside toward the $180–$200 range. A stronger rally toward $250—seen twice before from the same $130 support—remains possible but depends on maintaining ETF inflows above ~$20M/day, healthy spot demand, and stable macro conditions.