Overview
- Fresh data shows U.S. spot Solana funds pulled in about $12.6 million on Friday, taking cumulative inflows to roughly $337 million after an earlier $29 million single-day jump this week.
- SOL continues to defend a demand band near $145–$160, with rebounds stalling around $160–$165 and a push through roughly $170 viewed as the key reversal trigger.
- Technicians highlight a potential double bottom around $146–$150 and base-building signs, while others warn of a looming death cross and patterns that could target ~$126 if support fails.
- Derivatives readings are mixed, with funding rates negative (around −0.179) even as roughly $2.6 million in short positions were liquidated in 24 hours, hinting at a tentative sentiment shift.
- On‑chain watchers caution that steep losses at Solana‑linked treasury firms could force selling that tests the $150–$160 floor, putting the resilience of ETF accumulation in focus.