Overview

• Since mid-July, Solana spot ETFs have attracted $137.4 million in net inflows, underscoring growing institutional interest
• On-chain metrics show Solana’s TVL in native tokens at a three-year high, reflecting increased network engagement and protocol activity
• Exchange balances for SOL have declined by 10 percent, indicating reduced sell pressure among whales and retail holders
• Technical indicators reveal a golden crossover forming on daily charts and SOL pressing against descending channel resistance near $200
• Elliott Wave analysis projects upside targets between $214 and $250 by late August if SOL reclaims $176 support and holds above key levels