Solana price surged 5% on Tuesday, November 25, climbing to $135, showing signs of recovery after a week of bearish sentiment. The cryptocurrency’s 24-hour trading volume reached $5.18 billion, marking a 17% increase.
This price increase is amidst the positive movement that is driven by a record of $39.5 million inflow into the Bitwise ETF. Analysts indicate that Solana might aim for $150 next. In the meantime, the crypto market overall increased by 0.68% in the last 24 hours, and BTC, Ether, XRP, and Doge coins recorded slight increases as well.
Bitwise ETF Sees Record $39.5M Inflow
Spot Solana exchange-traded funds (ETFs) prolonged their strong performance and recorded an inflow of $58 million on November 24, their 20th day of net inflows. The U.S. Solana ETFs’ total inflows have reached 568 million since they were launched in late October.
On the same day, the Bitwise SOL ETF made its highest inflow ever, with inflows amounting to $39.5 million. This is its prolonged growth in the context of an overall trend of outflows throughout the entire cryptocurrency market, which indicates an increased institutional interest in Solana.
Franklin Templeton Expands Crypto ETF Portfolio
The Crypto Index ETF of Franklin Templeton will expand its portfolio with a number of new digital assets at least beginning December 1, 2025. Also, besides Bitcoin and Ethereum, XRP, Solana, Dogecoin, Cardano, Stellar, and Chainlink have now been added to the fund.
This growth would offer shareholders additional diversification to major cryptocurrencies. This is a strategic move in the ETF and has been affirmed in a recent SEC filing.
Solana Price Surges: Is a $150 Breakout on Horizon?
At the time of writing, the SOL price climbed to $136 after a surge in buying activity. The cryptocurrency has shown a steady upward movement, holding above the $130 level.
This increase comes after a consolidation where SOL ranged between $130 and $140. This price is currently testing the resistance level of the price at $140, and the action at this point may influence the progression.
If the Solana price manages to break above this level, the next target could be near $150. A successful breakout could signal further bullish momentum, as full Solana forecast report.
The technical indicators are in favor of a conservative bullish picture. The MACD is also above the horizontal line, and its current value of 1.03 indicates that it may be experiencing a further upward trend.
SOL/USD 4-hour chart: TradingviewThe histogram indicates that the current buying momentum is moderate. On the Chaikin Money Flow (CMF) indicator, the reading of 0.14 shows that the money flow is not negative, which implies that SOL is generally in a positive mood.
If the Solana price dips below $140 support level, it could lead to further loss, with $130 as the next target for a dip.
Source: https://coingape.com/markets/solana-price-jumps-as-bitwise-etf-sees-record-39-5m-inflow-targeting-150-next/
