Solana’s 7-Day ETF Inflow Streak Fuels $160 Rebound: Can Bulls Sustain the Momentum?

The cryptocurrency Solana (SOL) is showing signs of a staged recovery, having rebounded above the $160 mark after dipping to around $150. The catalyst appears to be a sustained streak of exchange-traded fund (ETF) inflow, the kind of institutional signal that often galvanises ￰0￱ while the demand story is encouraging, underlying technical and macro challenges mean bulls may still have a fight on their ￰1￱ Inflows Signal Growing Institutional Appetite Over the past week, ￰2￱ Solana-linked ETFs logged seven consecutive days of positive net inflows, accumulating a total of roughly $294 ￰3￱ Tuesday, for example, inflows totaled approximately $9.70 million, with major contributions from the BSOL fund ($7.46 million) and GSOL ($2.24 million).

This inflow streak stands in stark contrast to the red-ink performance of Bitcoin and Ethereum ETFs, which together suffered substantial outflows in the same ￰4￱ divergence suggests that some institutional capital is rotating toward altcoins like Solana in search of higher-growth ￰5￱ positive ETF flows lend external legitimacy and fresh demand, providing SOL with a firmer base to attempt a rally beyond the $160 ￰6￱ (SOL)’s Technical Picture & Macro Headwinds Despite the steady inflows, Solana’s technical setup remains ￰7￱ token is still trading below key moving averages, including the 9-day simple moving average ($175.85), which hints that the bearish control is not yet fully ￰8￱ support lies around $158, with a more substantial floor near $150, a level that recent buyers ￰9￱ the upside, reclaiming $175 (+) would be a meaningful shift, potentially exposing a move toward $180.

However, macro-economic and on-chain headwinds raise caution ￰10￱ ￰11￱ shutdown, now extending for dozens of days, has caused market uncertainty and depressed the Fear & Greed Index to extreme fear territory (24). Meanwhile, Solana’s network metrics tell a mixed ￰12￱ liquidity on the chain has shrunk, signaling possible limits to on-chain ￰13￱ ETF flows are supportive, momentum remains fragile until broader sentiment and network fundamentals ￰14￱ Hinges on Key Levels If bulls can defend the $155-$160 support zone and continue to harness ETF inflows, Solana may press toward the $172-$177 resistance zone and possibly test $180. However, failure to hold support around $150 could trigger a deeper correction, with downside risk toward $132 or ￰15￱ short, the inflow streak is a meaningful bullish input, but it’s not yet sufficient alone to guarantee a sustained ￰16￱ and investors will want to watch whether the demand story translates into a stronger price structure and whether macro risks ￰17￱ image from ChatGPT, SOLUSD chart from Tradingview