Solana price holds above $120 support as institutional interest grows, with strong revenue growth and mixed technical signals ahead.
Solana price has held steady above the $120 support level, despite a broader market pullback.
Recent data indicates that institutional buying is strengthening, particularly through Solana-based exchange-traded funds (ETFs). These developments have raised questions about whether Solana price can maintain its momentum.
As institutional interest grows, many are wondering if Solana will continue to recover or face additional challenges.
Institutional ETFs See Growing Interest in Solana
Solana-based exchange-traded funds (ETFs) have seen significant institutional inflows in recent sessions. Around $7.4 million flowed into Solana ETFs, reflecting growing institutional interest.
These inflows suggest that institutional investors are accumulating Solana for the long term. This trend signals confidence in the asset and suggests that the trend could continue.
The rise in ETF investments points to a shift towards long-term, institutional involvement in the Solana ecosystem.
This increasing institutional support could offer stability and further growth for Solana price. As larger investors continue to back the network, its position in the broader cryptocurrency market strengthens.
Solana Revenue Growth Boosts Long-Term Outlook
Solana revenue growth has been impressive, with the blockchain now on track to surpass Ethereum’s revenue. For the year 2025, Solana protocol revenue reached approximately $1.4 billion, almost three times Ethereum’s $522 million.
This is a marked improvement compared to previous years, where Ethereum’s revenue consistently outpaced Solana.
The growth in Solana revenue is fueled by its increasing network usage and adoption. The blockchain’s fast transactions and low fees have attracted developers and users, contributing to the revenue surge.
If this growth continues, Solana could become the top revenue-generating blockchain by 2025, positioning itself as a major player in the industry.
Related Reading: Solana Resists Major DDoS Attack Keeping Network Online Without Downtime
Technical Indicators Suggest Mixed Outlook for Solana Price
Despite strong fundamentals, Solana price is currently testing the $120 support and facing resistance around $130. As of now, Solana price has been consolidating between these levels, indicating indecision in the market.
The Relative Strength Index (RSI) is currently at 40, suggesting that Solana is approaching oversold conditions.
The Moving Average Convergence Divergence (MACD) line has recently crossed below the signal line, indicating bearish momentum.
However, if Solana can hold above the $120 level with increased volume, it could break through the $130 resistance. On the downside, a drop below $120 could lead to further declines, with $112 acting as the next support level.
Solana shows consolidation between $120 support and $130 resistance levels. Source: TradingViewSolana future price movements will depend on the broader market conditions and its ability to maintain support. The growing institutional interest provides a solid foundation for long-term growth.
However, traders will need to closely monitor technical indicators for signs of breakout or breakdown in the short term.
Source: https://www.livebitcoinnews.com/will-solana-price-bounce-back-with-strong-institutional-buying-pressure/
