Solana (SOL) has seen increased institutional demand, with its digital asset investment products recording net inflows of $9.1 million last week.
HE marked Inflows occurred for the 6th consecutive week, bringing year-to-date totals to $181 million. Only Bitcoin (BTC) recorded higher inflows.
This trend indicated sustained institutional interest, which was mostly linked to increased market confidence.
In fact, capital appeared to be moving beyond Bitcoin as investors turned to Solana-related products.
Consistent inflows have generally supported price stability and may strengthen short-term bullish momentum.
But flows alone rarely sustain gains without confirmation from spot demand.
Spot market confirms buyer dominance
Spot Taker CVD data confirmed strong buyer dominance in recent weeks. Aggressive buyers increasing their offers shows that spot demand continues.
This change was consistent with stronger upward pressure building up in the market.
Price trends tend to stay better over time when spot demand is prominent. Even so, momentum was still dependent on the structure remaining above breakout levels.
Technical breakthrough shifted momentum
Price action is consistent with the improving demand profile.
On the daily chart, SOL broke out of the wedge consolidation pattern, signaling a potential trend reversal. At press time, SOL was trading around $93.74 after a short-term pullback.
This move suggested a classic retest phase after the breakout.
Retests often allow traders to re-enter positions and confirm exit strength. If the level is maintained, the breakout may extend into a stronger trend phase.
$100 emerges as the next major target
The market’s focus has shifted to the next liquidity zone near $100.
CoinGlass data showed a Liquidation cluster at this level worth $86.68 million. This concentration has made $100 a major magnet for price action.
On top of that, clustered liquidity often pulls the price as traders target leveraged positions.
However, failure to sustain current levels could delay any move towards this zone.
What could be next for the SOL?
At the time of this writing the installer remained.
While institutional inflows remained strong, spot demand supported the price structure. If both trends continue, SOL could expand towards the $100 liquidity zone.
Despite this, the breakout had to continue to maintain the upward momentum.
Final Summary
- Solana recorded $9.1 million in receipts, extending its streak to six consecutive weeks.
- Year-to-date inflows have reached $181 million, ranking second after Bitcoin.
