This week Solana’s price has seen a robust two-day rebound, shaking off last week’s harsh correction. This was seen as ETF launches ignite new excitement in institutional circles. Successively, VanEck’s spot Solana ETF debut on Nasdaq has offered a major confidence boost, especially as sponsor fees and staking fees have been waived for the first round of assets.
Not only does this move intensify competition with Grayscale’s earlier spot SOL fund, but it sets a dynamic pace for inflows. This is with $30M pouring in on November 18 during volatile price action. The underlying story? Expanding ETF access and staking benefits are pulling both investors and traders off the sidelines.
Solana news has never been so vibrant in recent times, with institutional players like Fidelity and 21Shares racing to capture momentum. The question on every investor’s mind now: Can SOL price prediction models trust this ETF-fueled rally, or is a deeper correction on the cards?
The ETF Effect and Institutional Inflows
Solana’s ETF story is dominating headlines after VanEck’s launch on Nasdaq and 21Shares’ 6th U.S. Solana ETF debut, joining Fidelity and Canary in the race for staked NAV growth and lower fees.
The impact? As per Sosovalue, daily ETF net inflows surged to $30 million on November 18, marking 15 consecutive days of sustained demand. SOL ETFs now capture 0.76% of circulating supply and over $513M in assets, reducing sell-side liquidity and driving bullish sentiment.
With the likes of Fidelity bringing $2.07M inflow in a single session, Solana news shows ETF momentum striking at the heart of price action. If daily inflows persist above $20M, this could mark a lasting demand shift and further confirm bullish Solana price prediction narratives.
SOL Price Analysis
Solana’s price chart shows that the asset is rebounding strongly from its weekly $130 support. The current SOL price of $140.59 reflects a 2.61% 24-hour gain. Though it remains nearly 10% lower week-over-week due to a heavy sell-off. The market cap has increased 2.59% to $77.94 billion, while volume dropped sharply to $5.9 billion.
Key price levels highlight the next move: immediate resistance sits at $145, with broader upside targets at $149.96 and $161.73. RSI on the 4-hour chart has bounced back toward 50, signaling a halt in bearish pressure.
Futures open interest is up 5% to $7.3B, with positive funding rates and bullish net taker volume, indicating that if $145 breaks, short liquidations may trigger a rapid squeeze higher.
If price holds above $134.97 and breaks above $145 sooner than the end of the week. Then one can expect the next targets at $150 and above, possibly by Nov 22. If the bulls fail and price dips below $129.84, the correction could deepen toward $120, especially if ETF demand fades.
In summary, if bullish, we can expect a sharp upward move to $150 and higher, driven by ETF inflows and technical reversals. Successively, the short-term sentiment hinges on whether $145 resistance breaks or volume drops.
FAQs
Solana could break $145 soon. Bullish targets are $149-$161 if ETF inflows continue.
The ETF launch boosted SOL by attracting $30M in inflows and waiving fees, driving fresh demand.
Price rose thanks to ETF inflows, reduced fees, and traders buying near key support and resistance.
VanEck, 21Shares, and Fidelity lead SOL ETF launches, all offering staking and competitive fee structures.
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