The crypto market showed early signs of stabilization, as fresh capital returned to spot exchange-traded funds. After several days of withdrawals, investors appeared willing to reengage with digital assets.
This shift occurred as broader market conditions remained uncertain and traders searched for relative strength among major tokens. Solana drew particular attention, as its price moved higher alongside renewed ETF inflows. The combination of improving flows and technical tension placed SOL at a critical decision point.
ETF Flows Signal Cautious Risk Appetite
Bitcoin spot ETFs recorded $117 million in net inflows, reversing four straight days of outflows. Consequently, this move suggested easing short-term risk aversion among institutional participants.
Ethereum spot ETFs also turned positive, attracting $5.042 million and ending a three-day redemption streak. Besides that, Solana spot ETFs logged $10.67 million in inflows, while XRP products added $15.04 million.
Significantly, the broad-based nature of these inflows pointed to selective confidence rather than aggressive risk-taking. Investors appeared willing to reallocate capital but remained focused on assets showing resilience. Hence, Solana’s inclusion among positive ETF flows strengthened its near-term narrative, even as market structure stayed mixed.
Solana Price Holds Firm as Analysts Watch Key Levels
SOL U.S. Dollar Daily Chart. Source: CoinCodex
Solana traded at $141.76, posting a 1.57% daily gain and a 2.20% weekly increase. Additionally, daily trading volume exceeded $6.6 billion, reflecting sustained market participation. With a circulating supply near 570 million tokens, Solana’s market capitalization stood above $80 billion.
According to Ali Martinez, Solana’s technical posture turned bullish above $144.63. He indicated that a breakout above this level could open a path toward $159.10. However, the price remained below that trigger, leaving momentum unresolved. Traders continued to monitor whether buyers could reclaim higher ground convincingly.
Divergence Risk Clouds the Short-Term Outlook
Moreover, Umair Crypto highlighted growing tension in Solana’s structure. He observed that weakness in Ethereum relative to Bitcoin encouraged rotation toward SOL. However, he noted that the setup lacked clarity. Price pressed against the top of its range while showing daily bearish divergence.
A daily close above $141.3 would confirm that divergence through follow-through. Consequently, such confirmation could increase the probability of a corrective move, potentially below $130. That scenario aligned with signs of momentum exhaustion near range highs.
However, invalidation remained clear. Holding above $138 and sustaining acceptance higher would neutralize divergence risks. In that case, upside focus could return, with $150 emerging as the next structural target.
Source: https://coinpaper.com/13721/solana-spot-etf-inflows-hit-10-67-m-as-sol-eyes-159-breakout-zone
