Solana’s spot ETF market extended its inflow streak on August 18, adding $1.58 million in daily net inflows and lifting cumulative net inflows to $1.16 billion, according to SoSoValue data. Total net assets across U.S. spot Solana ETFs stood at $923.57 million, with $30.13 million in total value traded during the session. Bitwise accounted for the entire daily net inflow, while other listed funds reported no new net inflows.
Inflow data has been uneven: products took in $1.43 million on August 11 and $8.83 million on August 10, followed later by an outflow of roughly $859,450 on August 6. Still, the broader trend has remained positive enough to push the cumulative figure past $1.16 billion, keeping institutional ETF demand as a key focus for Solana’s longer-term outlook. At the time of the data update, SOL was priced at $77.18.
Analysts are now watching the $81 and $100 levels as important technical hurdles. Trader Gum shared a weekly chart showing SOL just below its 20-week exponential moving average at $81.64, with relatively little resistance between $81 and roughly $104. The $104 area aligns closely with the 50-week EMA at $104.38. Additional resistance sits near the 200-week EMA at $112.62 and the 100-week EMA at $118.92. The weekly relative strength index remains at 43.14, below neutral but above deeply oversold territory.
Analyst Ali Charts said a decisive move above $100 would make him more confident that the market has found a bottom. He has been accumulating SOL between $40 and $70 through dollar-cost averaging and pointed to long-term targets near the January 2025 all-time high around $295 and an eventual $400 level. He also described staking as part of the strategy, citing a gross yield of about 5.7% and noting he selected HashKey Cloud for its low commission and non-custodial setup.
Trader KillaXBT offered a recovery scenario dependent on Bitcoin’s trend, with a possible 75% to 100% SOL move if BTC begins trending higher again. His chart identified support areas around $76.69, $67.06 and $53.33, with a scale-out zone roughly between $125 and $150. For now, bulls need to hold the $76–$77 area and reclaim $81 before the wider recovery targets come into play.
