Solana continued to attract institutional demand this week, extending its streak to twenty-one consecutive trading days of inflows into spot ETFs. The persistent accumulation comes as the asset’s price trades near a decisive technical level, where analysts say a breakout could trigger a sharp recovery. Institutions added another $53.1 million on Nov. 25, lifting total inflows to $621 million since launch.
This steady demand arrives even as SOL trades lower this week, creating a scenario where strong capital inflows collide with short-term price weakness. Consequently, traders are now watching whether inflows can overpower current resistance and ignite a trend reversal.
Institutional Purchases Strengthen Despite Price Pullback
Institutional accumulation continued through Monday, with Bitwise contributing $31 million. Fidelity followed with $4.8 million, while VanEck added $1.3 million. Grayscale closed the day with $16 million in new inflows.
Moreover, the running total has reached $621 million, underscoring rising demand from large investors. This trend is notable because SOL declined 0.28% in the last 24 hours and 2.66% over the week, trading at $136.05 as of press time. Hence, inflows appear disconnected from short-term market weakness, which often signals deeper confidence in long-term performance.
SOL Structure Points Toward a 25% Rally
Analyst Captain Faibik noted that Solana is pushing against a major multi-week descending trendline. Price now trades near $138 to $140, which forms a crucial breakout zone. He added that a move above this level could open a path toward $170 to $175.
Additionally, higher lows continue forming under resistance, suggesting bullish momentum is building. Support sits at $132, with a stronger cushion near $125 if the breakout attempt fails.
Market participants are watching this compression structure because it often resolves with a decisive upside move when higher lows persist. Hence, a breakout could validate the projected 25% recovery target.
Bears Face a Critical Line at $142
Another analyst, Gordon, pointed to the $142 to $144 area as the key level to flip. Price has failed to clear this zone several times this month. Moreover, the structure mirrors Faibik’s view, with higher lows squeezing price toward the trendline. He stated that clearing this region would shift momentum toward $150 to $152.
Source: X
Besides, the supports at $136 and $132 remain important during consolidation. According to his view, the setup favors bulls because compression near resistance often precedes strong breakouts. Consequently, a move above $142 could accelerate momentum and pressure short sellers.
Source: https://coinpaper.com/12677/solana-etf-inflows-hit-621-m-extending-21-day-streak-as-analysts-track-a-potential-25-rally
