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

SOL

SOL/USDT

$106.13

+2.35%

$106.13

+2.35%

(24s)

24h Volume

$3,078,410,642.89

24h H/L

$107.36 / $102.94

Change: $4.42 (4.29%)

Long/Short

68.5%

Long: 68.5%Short: 31.5%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Solana

Daily

$106.12

▲ 2.85%

Volume (24h): -

Resistance Levels

Resistance 3$124.3278

Resistance 2$110.60

Resistance 1$106.887

Price$106.12

Support 1$103.05

Support 2$98.5005

Support 3$92.35

Pivot (PP):$103.05

Trend:Uptrend

RSI (14):67.7

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%…