The weak action happened despite SOL exchange-traded products booking their second strongest weekly inflow on record driven by the new ETFs, CoinShares said.
💡 DMK Insight
SOL’s price at $161.21 is puzzling given the strong inflow into its ETFs. Typically, significant inflows signal bullish sentiment, yet SOL’s lackluster performance raises questions about underlying demand. Traders should consider that while ETF inflows can indicate institutional interest, they don’t always translate to immediate price action. This could suggest a divergence where retail sentiment isn’t aligning with institutional moves. Look for potential resistance around the $165 mark, which could be a critical level to watch. If SOL fails to break through this, it might indicate a broader market hesitation. Conversely, a sustained push above could attract more buyers, especially if the overall crypto market shows strength. Keep an eye on related assets like ETH and BTC, as their movements could influence SOL’s trajectory in the coming days.
📮 Takeaway
Watch for SOL to break above $165 for potential bullish momentum; otherwise, it may struggle to gain traction despite ETF inflows.





