Solana ETF inflows show demand returning as traders eye SOL rally to $120

💡 DMK Insight

SOL just saw its strongest ETF inflow since February, and here’s why that’s significant: The nearly 30% jump in SOL futures open interest indicates heightened trader interest and potential bullish sentiment. This surge in inflows suggests institutions are positioning themselves for a possible rally, which could push SOL towards the $120 mark. If SOL can maintain momentum above its current price of $97.29, it might attract even more retail and institutional investors, creating a self-reinforcing cycle of buying. But let’s not ignore the flip side—if the price fails to break through resistance levels around $100, we could see profit-taking or a pullback. Traders should keep an eye on volume trends and any shifts in sentiment, especially as we approach key market events or economic indicators that could impact crypto. Watch for SOL to hold above $95 to confirm bullish momentum, and be ready for volatility as positions adjust.