Solana ETF Inflows Surge $421M as Whales Buy Amid Market Dip

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• Solana saw $421M in weekly ETF inflows despite bearish market trends.
  
• Key support zones are $150 and $145–$155; resistance sits at $163–$170.
  
• Technical indicators show momentum favors sellers despite institutional buying.

Solana (SOL) is standing out in a sea of market caution as institutional investors continue to load up on the asset, even while Bitcoin and other cryptocurrencies face heavy outflows. According to AMBCrypto, Solana saw $421 million in weekly inflows to new U.S. exchange-traded funds (ETFs) last week, defying broader market trends.

Despite this inflow, price action remains bearish, leaving traders asking: is this a temporary pause before a rebound, or the start of a deeper downtrend?

Institutional Interest Amid Bearish Pressure

While Bitcoin led net outflows with $946 million leaving the market, Solana whales are showing strong conviction. Investors continued buying SOL, even though its valuation looked high relative to Total Value Locked (TVL).

However, strong institutional activity alone has not been enough to counter the selling pressure. Recent technical signals indicate that bears remain in control, suggesting caution for traders expecting an immediate price recovery.

Key Technical Levels to Watch

After Solana’s crash on October 10, bulls defended the $170–$180 demand zone, managing to form higher lows. Yet, higher highs did not follow, creating a symmetrical triangle pattern that signals consolidation rather than bullish momentum.

The On-Balance Volume (OBV) continued trending down, while the Money Flow Index (MFI) stayed below 50. These indicators hint that capital flow and momentum favor sellers. The price recently tested $156.65, a support level from July, with the $145–$155 zone potentially acting as the next major demand area. Short-term traders should note $163–$170 as resistance and $150 as nearby support.

Also Read: Solana ETFs Extend 6-Day Winning Streak as Bitcoin and Ether Funds Bleed $800M

What Traders Should Consider

While whale accumulation is a bullish signal, Solana’s short-term outlook remains fragile. Traders should watch critical support and resistance zones to gauge potential reversals. Market behavior over the next few sessions will clarify whether the latest dip is a buying opportunity or the start of a deeper correction.

Solana continues to attract institutional attention even amid a bearish market. Short-term price dips highlight ongoing selling pressure, making technical levels crucial for traders looking to time entries or exits effectively.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.