Solana ETFs Post Best Session Since Mid-January

💡 DMK Insight

SOL’s price drop, despite significant inflows, signals deeper market concerns. The $8.43 million inflow from Bitwise is noteworthy, yet it hasn’t translated into price stability for SOL, currently at $81.68. This discrepancy suggests that traders are wary, likely due to broader macroeconomic uncertainties and geopolitical tensions impacting risk appetite. With SOL’s price trending downward, it’s crucial to monitor key support levels—if it breaks below $80, we could see further selling pressure. Conversely, if it holds above this mark, it might attract dip-buyers looking for a rebound. But here’s the flip side: the inflow indicates institutional interest, which could lead to a potential reversal if macro conditions improve. Traders should keep an eye on upcoming economic data releases and geopolitical developments that could sway market sentiment. Watch for SOL’s reaction around the $80 level in the coming days, as it could dictate short-term trading strategies.