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Solana News Update: Institutional Investors Drive Solana ETFs Higher While Price Approaches $144 Support Level

Solana News Update: Institutional Investors Drive Solana ETFs Higher While Price Approaches $144 Support Level

Bitget-RWA2025/11/14 11:58
By:Bitget-RWA

- Solana ETFs gained $351M in 11 days as institutional buyers "buy the dip," despite a 20% price drop to $155. - Technical indicators show bearish pressure with RSI at 37 and critical $144 support level at risk of breakdown. - Institutional confidence contrasts with retail profit-taking, while NYSE's new options trading adds complexity to market dynamics. - Analysts debate $173 resistance breakout potential vs. $120-$80 downside risks amid $3.2B+ year-to-date institutional inflows.

Solana (SOL) is facing a challenging market landscape as large-scale investors continue to accumulate the token even as its price experiences a sustained downturn. In the last 11 days,

ETFs have consistently attracted new capital, reaching $351 million in inflows by November 12, . This steady stands in contrast to the asset’s price, which , and is now trading near $155. Experts are split on whether this institutional buying could spark a rally back toward $300, or if bearish technical signals will lead to further losses.

The ongoing ETF inflows reflect increasing confidence from institutions in Solana’s broader ecosystem, which features active DeFi platforms, popular liquid staking solutions, and growing NFT trading activity

. Bitwise’s BSOL and Grayscale’s products have been at the forefront, . In contrast, and ETFs have seen capital outflows, highlighting a shift in investor focus toward alternative coins like Solana . Despite this positive sentiment, on-chain metrics tell a different story. The Relative Strength Index (RSI) is hovering around 37, and the MACD indicator remains negative, .

Solana News Update: Institutional Investors Drive Solana ETFs Higher While Price Approaches $144 Support Level image 0
Market technicians caution that a drop below $144 could trigger further declines, as this . Should this threshold be breached, prices may revisit $120 in November and potentially slide to $80 by December . This outlook matches the breakdown from an ascending wedge pattern seen in early November, which . On the other hand, bullish perspectives highlight the $162–$173 resistance area as a crucial zone. A sustained move above $173 could renew upward momentum toward $220, a level many see as the next milestone for Solana’s leadership in the market .

The disconnect between ETF inflows and price trends has fueled debate among traders. While institutional players seem to be "buying the dip," individual investors are locking in profits,

. The New York Stock Exchange’s recent introduction of options trading for Solana ETFs ($GSOL and $BSOL) brings additional complexity, giving institutions new risk management tools not previously available in crypto markets .

Data from derivatives markets presents a mixed picture.

, while average funding rates are at -0.0009, reflecting a mild bearish sentiment. This indicates that although spot buying is robust, speculative futures activity has yet to trigger a major price rally.

The outlook for Solana depends on whether its ecosystem can maintain institutional interest amid broader market uncertainty. With

and a vibrant DeFi sector, the project’s fundamentals remain strong. Still, unless the price can decisively break above $173 or hold the $144 support, .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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