Solana-based spot ETFs experienced their strongest streak of inflows since February. There have been over $39 million in net inflows into spot Solana ETFs in the last seven days. During this period, open positions in futures also increased, and it was seen that both traditional and crypto investors took positions on the possibility of Solana’s rise.
High demand for ETFs accelerated Solana price
One of the most notable developments in the market is the increasing institutional interest in spot Solana ETFs. According to analysts, the recent regular inflows into ETFs positively affect the view of large investors towards Solana. In particular, the BSOL ETF managed by Bitwise received $36 million in new money last week, while the FSOL ETF operated by Fidelity also collected over $1.8 million in new savings.
The BSOL ETF has attracted over $861 million in inflows since its launch; This figure accounts for more than 81 percent of current spot Solana ETF inflows in the market. Total inflows in spot SOL ETFs reached $1.06 billion. On the other hand, the open position amount in futures transactions increased from 4.94 billion dollars to 6.4 billion dollars, indicating the increasing interest in derivative markets.
According to CryptoAppsy data, Solana’s own cryptocurrency SOL has gained approximately 15 percent in value in the last seven days, rising to $97. It is considered that increased ETF inflows, more buy-side positions opened in derivative markets and improvements in technical indicators add strength to the price movement.
According to analyst opinions, the continuing momentum in ETF inflows and the increase in volume in futures transactions indicate that investors are starting to prefer Solana more in the long term.
In the last five days, the difference between buying and selling in spot volumes increased from approximately 163 million dollars to 250 million dollars. On the forward side, this difference increased as of May 5, reaching 593.6 million dollars. The financing rate remains positive around 0.065 percent, indicating that investors remain in leveraged long positions.
Technical indicators point to $120 level
Technical analysts point out that a ‘double bottom’ structure occurs in high time frame charts. This formation is interpreted as a strong recovery signal after long periods of decline. If this breakout continues strongly, it is reported that the price has the potential to move towards the $120 region.
On the other hand, Solana recently broke above its 100-day exponential moving average for the first time; It is stated that this development has occurred for the first time since October 2025. In the overall market, this improvement in technical indicators is interpreted as a return of buying interest.
According to analysts, there is no significant resistance in the region between $95 and $120. If the buying pressure continues, it is predicted that the price movement may accelerate. However, a horizontal trend was observed in spot transactions and volumes in the last 24 hours; This is explained as investors are waiting for a clear confirmation of a new rise.
Strengthening and critical support zones against Bitcoin
Some market experts state that Solana’s recent momentum against Bitcoin may push the price up. Crypto analyst BATMAN pointed out that the 231-day downward trend in the SOL/BTC parity has ended. According to the analyst, this breakout indicates a significant increase in Solana’s relative strength.
If Solana declines in the short term, the area between $89 and $91 stands out as the nearest support area. If the price holds above this level, it seems possible that the upward trend will continue. In addition, increasing institutional interest through the ETF channel began to stand out as a strong support for Solana’s market structure.
