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Solana Rebounds Above $200 With ETF Flows and Alpenglow Upgrade Putting $238 in Focus

A defended $197–$200 base sets up a volume test of layered resistance into $215–$238.

Overview

  • Solana is trading near $210 with an ascending channel of higher lows, and on-balance volume shows steady accumulation, according to chart analyses.
  • The Solana staking ETF (SSK) reportedly drew a single-day $15.8 million inflow, lifting assets to about $219 million and reinforcing the institutional interest narrative.
  • Recent coverage cites the Alpenglow upgrade’s claimed 100–150 millisecond finality, 107,000-plus TPS and sharply lower validator costs as a key driver of confidence.
  • On-chain watchers note whale and shark accumulation, including a reported $103 million SOL transfer to Coinbase tied to Galaxy Digital, though market implications remain debated.
  • Analysts say a decisive break through the $215–$238 band could open a path toward $250–$300, while rejection may bring retests toward $185–$195 and volume remains the confirming factor.