Solana (SOL) Surges 12% Amid Unstoppable 7-Day ETF Inflow Streak

Solana rockets past resistance as institutional money floods in—Wall Street's latest 'safe' bet looks suspiciously like a crypto rocket.

ETF demand hits fever pitch

Seven straight days of inflows suggest even traditional finance can't ignore SOL's blistering performance. The 12% price jump smells like FOMO brewing in hedge fund circles.

The cynical take? Watch the suits chase returns until the next 'risk-off' memo circulates. For now, the smart money's pretending they always believed in blockchain scalability.

TLDR

• Solana rebounded 4% from $155 support on Wednesday, trading above $160 as retail and institutional interest returned to the market.
• SOL futures Open Interest increased 2.73% to $7.64 billion in 24 hours while funding rates flipped positive, showing renewed trader confidence.
• US spot Solana ETFs recorded $9.70 million in net inflows on Wednesday, marking six consecutive days of positive flows.
• Stablecoin market cap on Solana declined 8.16% over the past week to $13.816 billion, indicating reduced network liquidity.
• Technical resistance sits at $165-$166, with major resistance at $172-$177 if the recovery continues from current levels.

Solana traded above $160 on Wednesday after gaining 4% the previous day. The cryptocurrency bounced back from the $155 support zone as the broader market recovered.

Retail investors showed renewed interest in SOL after a difficult start to the week. CoinGlass data revealed that SOL futures Open Interest climbed 2.73% in 24 hours to reach $7.64 billion. This increase shows more traders opening futures contracts and using leverage.

The OI-weighted funding rate changed from negative to positive, moving from -0.0253% to 0.0066% within the same day. This shift indicates traders are becoming more bullish on Solana’s price direction.

Short liquidations totaled $7.19 million over 24 hours, exceeding the $4.73 million in long liquidations. The higher short liquidations suggest bearish traders with too much leverage were forced out of their positions.

The long-to-short ratio increased to 0.9912 as excess short positions were liquidated. This metric shows the balance between bullish and bearish positions in the futures market.

Institutional Money Keeps Flowing

US spot solana ETFs recorded $9.70 million in net inflows on Wednesday. This marked the sixth straight day of positive flows into these investment products. The consistent inflows demonstrate sustained institutional demand for Solana exposure.

$SOL ETF FLOWS ALSO GOING STRONG!!! 🚀

7 CONSECUTIVE DAYS NOW!!! pic.twitter.com/ATpRxSTkut

— Altcoin Buzz (@Altcoinbuzzio) November 6, 2025

Total Value Locked on Solana increased 2.27% in 24 hours to $10.215 billion. The network briefly dropped below $10 billion earlier in the week before recovering. However, the overall TVL trend shows a downward pattern over recent weeks.

Liquidity Concerns Emerge

Stablecoin market capitalization on Solana decreased 8.16% over the past week to $13.816 billion. The decline in stablecoins points to reduced liquidity available on the network. Lower liquidity could limit on-chain demand for SOL.

The price dropped from $188 to $145 before starting its current recovery. Solana broke above a bearish trend line with resistance at $155 during the rebound.

Immediate resistance sits at $165, with the next major barrier at $166. These levels represent the 50% Fibonacci retracement of the recent decline from $188 to $145.

If Solana breaks above $166, it could target the $172-$177 zone. A move past $172 WOULD set up a test of $180, with $188 as the next major level.

Technical indicators show mixed signals. The Relative Strength Index stands at 34, NEAR oversold territory. The Moving Average Convergence Divergence continues trending downward with its signal line.

The 50-day Exponential Moving Average is converging with the 100-day EMA. This pattern typically signals a bearish crossover.

If the recovery fails at $165-$166, support sits at $160 and $155. A break below $155 could push SOL toward $148, with $142 as the next support zone.