Solana ETF inflows soar: When will SOL price follow the trend?

💡 DMK Insight

Solana’s ETF inflows are impressive, but the market’s shaky structure could push SOL down to $120. While the inflows indicate strong institutional interest, traders should be cautious. The current price of $125.45 is precariously close to key support at $120. If SOL breaks below this level, it could trigger further selling pressure, potentially leading to a deeper correction. Look at the daily chart for signs of weakness, like a bearish crossover in the RSI or MACD. Also, keep an eye on broader market sentiment; if Bitcoin or Ethereum show weakness, SOL could follow suit. On the flip side, if SOL manages to hold above $125 and shows bullish momentum, it could signal a buying opportunity. Watch for volume spikes that could indicate a reversal. The real story here is how SOL reacts to these inflows against the backdrop of a fragile market structure.