Solana ETF Inflows Hit February High: Is $120 Next?

SOL

SOL/USDT

$74.41

-1.64%

$74.41

-1.64%

(24s)

24h Volume

$838,376,884.63

24h H/L

$75.71 / $74.10

Change: $1.61 (2.17%)

Long/Short

75.0%

Long: 75.0%Short: 24.9%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Solana

Daily

$74.27

▼ -1.43%

Volume (24h): -

Resistance Levels

Resistance 3$79.2386

Resistance 2$76.40

Resistance 1$75.1579

Price$74.27

Support 1$73.2566

Support 2$71.894

Support 3$68.3219

Pivot (PP):$75.38

Trend:Downtrend

RSI (14):46.3

Cointelegraph Staff

(09:47 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

The spot Solana (SOL) exchange-traded funds (ETFs) recorded their strongest weekly performance since February, attracting $39.23 million in total net flows. The surge in capital inflows coincided with SOL futures open interest rising by $1.5 billion in May, signaling a sharp increase in trader positioning across the derivatives markets.

The rise in market activity comes alongside Solana’s 15%…