bullish

Solana

Strong

Arkham

<p><a href="https://en.coin-turk.com/solana-prices-tumble-as-institutional-investors-hesitate/" rel="noopener noreferrer nofollow">Solana</a>’s price has seen notable volatility in recent sessions, sparking renewed speculation about an end to the prolonged downward pressure on SOL. Currently, SOL is trading at $92.90, reflecting a modest 0.72% decline over the past 24 hours. Yet, larger market trends and substantial institutional interest are driving optimism for a potential turnaround, according to data from <a href="https://lk.software/cryptoappsy/" rel="noopener noreferrer nofollow">CryptoAppsy</a>.</p>
<h2 id="has-the-year-long-downtrend-finally-ended">Has the year-long downtrend finally ended?</h2>
<p>After spending over a year in a descending price channel that led to a steep 75% decline, Solana has now broken above this long-standing range. Team LAMBO’s analysis shows that the downward channel began near $250 last year, and with the latest momentum, SOL has moved upward for the first time since. However, analysts caution that a clear weekly candle close above the channel is needed to confirm a lasting reversal.</p>
<p>Technical charts highlight that Solana has moved above this historic range. The next critical zone for SOL is the former resistance band between $120 and $150. If the price holds within this area and maintains positive momentum, this range could become a new short-term target.</p>
<h2 id="institutional-interest-and-wallet-activity-rise">Institutional interest and wallet activity rise</h2>
<p>Market sentiment is buoyed not only by technical indicators but also by fresh fundamental data. Over the past month, Solana-based exchange-traded products (ETPs) have attracted $56.6 million in net inflows, including $6.7 million just in the past 24 hours. This signals persistent institutional appetite for SOL.</p>
<blockquote>
 <p>In recent weeks, increasing net inflows to institutional investment products have strengthened upward pressure on SOL’s price and reinforced bullish expectations in the market.</p>
</blockquote>
<p>In addition, a previously dormant high-value wallet executed a single-session purchase worth $6.23 million in SOL. Data from Arkham reveals significant transfers between wallets associated with Binance and Wintermute to the Fireblocks platform, suggesting large players are shifting their positioning in the market.</p>
<h2 id="technical-levels-and-critical-zones">Technical levels and critical zones</h2>
<p>For the first time since October 2025, Solana has crossed above its 100-day simple moving average, offering renewed confidence to investors. Technical analysts now identify the $100–$105 range as SOL’s immediate resistance. A decisive move past this band is expected to open the way toward a $115 price target.</p>
<p>At present, the technical setup places Solana at a critical decision point. According to analyst Symba, a breakout from the current region could propel SOL toward $115, while a drop below support areas might drive the price down to $70.</p>
<p>The key support and resistance levels to monitor are as follows:</p>
<ul>
 <li>Quick support: around $90</li>
 <li>Strong support zone: $86–$88</li>
 <li>Psychological resistance: $100</li>
 <li>Upper range: $100–$105</li>
 <li>Long-term target: $115</li>
 <li>Bearish scenario: risk of return to $70</li>
</ul>
<p>With price movements fluctuating within these bands, the market’s focus remains on the potential for a sustainable breakout. Clearing the pivotal $100 threshold could pave the way for even stronger bullish sentiment.</p>
<p>The post <a href="https://en.coin-turk.com/solana-attracts-56-6-million-institutional-inflow-as-sol-nears-93/" rel="noopener noreferrer nofollow">Solana attracts $56.6 million institutional inflow as SOL nears $93</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana attracts $56.6 million institutional inflow as SOL nears $93

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