Growing ETF Interest Provides a Temporary Cushion
Solana is holding near the 130 dollar mark as investors watch a tight battle between rising ETF inflows and steady sell pressure from token unlocks. Spot Solana ETFs in the United States continue to draw strong interest. These products have attracted significant institutional capital since launch, and many analysts believe this demand could help balance the market during periods of weakness.
Furthermore, ETF inflows act as a natural absorber of circulating supply. This trend has encouraged traders who hope that consistent buying from large funds will keep Solana above a key technical zone.
Unlocks Create Ongoing Downside Risks
However, the bullish outlook faces serious challenges. Large unlocks tied to FTX and Alameda Research continue to release tokens back into the market. A recent unlock worth about 30 million dollars raised concerns that new supply could outweigh institutional demand.
These events have weighed on short term sentiment. Traders worry that additional liquidations could appear without warning and push Solana below local support.
Key pressure points include:
- Regular unlocks adding new tokens to circulation
- Potential liquidations tied to bankruptcy estates
- Short term traders reacting quickly to rising supply
Technical Signals Offer Mixed Outlook
Solana’s chart shows conflicting signals. Some momentum indicators point to a possible recovery as price action and on chain metrics begin to diverge. At the same time, the broader ecosystem remains active. Development growth, rising network usage, and speculation around future institutional support have kept long term optimism alive.
If ETF inflows stay strong, Solana could hold support and attempt a move toward the 140 to 150 dollar range. If unlock activity accelerates, the token may slip into lower support areas and test investor confidence.
