Overview
- Solana traded back above $160 after defending support in the $150–$155 zone, following a dip as low as $142 in recent sessions.
- U.S. spot Solana ETFs posted a $9.70 million net inflow on Wednesday, marking six consecutive days of positive flows, with broader reports citing more than $400 million since launch.
- Analysts say a daily close above $158–$160 would strengthen a short‑term rebound, with near resistance at $165–$170 and a larger bullish signal only on a break above $200.
- SOL has lost its 211‑day uptrend and the 200‑day simple moving average, keeping downside risks open toward $150, then $138 and $120 if support gives way.
- Derivatives metrics show rising open interest and funding back positive with more short liquidations than longs, while liquidity heatmaps cluster resistance near $180–$200 and Solana’s stablecoin float fell about 8% in a week, signaling tighter on‑chain liquidity.