- A decisive close for Solana price above $175 could target the 200-day EMA at $185 and potentially the $200 mark, supported with strong trading volumes.
- U.S. asset managers Rothschild Investment and PNC Financial Services disclosed new holdings in Solana ETFs, underscoring growing institutional interest.
Solana (SOL) is showing major strength in a broader crypto market recovery, gaining 6% in the last 24 hours and currently trading at $168.
This Solana price rebound from $150 highlights renewed buying interest, supported by strong inflows into recently launched spot Solana Exchange-traded funds (ETFs) in the United States. Furthermore, retail traders’ participation suggests further upside.
Solana Price Needs to Close Above $175 for Decisive Breakout
Today’s Solana price surge comes with a 60% increase in daily trading volumes, to a staggering $5.36 billion. Moreover, SOL’s derivatives market shows renewed optimism as traders position for upside.
Data from CoinGlass reveals that SOL futures open interest (OI) climbed 4.47% in the past 24 hours to $7.91 billion, suggesting increased leverage and fresh long positions.
In the same period, short liquidations totaled $9.70 million, significantly higher than long liquidations of $2.23 million. Solana has now formed two consecutive bullish daily candles, extending its rebound from the $155 support zone. The ongoing move targets the broken trendline resistance and the $175 zone.
Source: TradingView
A decisive Solana price breakout above $175 could pave the way for a test of the 200-day Exponential Moving Average (EMA) at $185, followed by the psychological $200 level.
Momentum indicators show improving conditions; the Relative Strength Index (RSI) has risen to 41, indicating easing selling pressure. On the other hand, the Moving Average Convergence Divergence (MACD) nears a bullish crossover, hinting at potential upside continuation.
Solana ETF Inflows Continue to Show Strength
U.S. spot Solana ETFs logged their ninth consecutive day of net inflows on Friday, with $136.50 million entering last week alone, as reported by CNF. Sustained inflows could provide a tailwind for SOL’s price in the coming sessions.
The broader crypto rebound follows signs that the U.S. government shutdown may be nearing an end. The U.S. Senate voted 60–40 on a temporary funding bill to reopen the government. This awaits approval by the House of Representatives before being sent to President Donald Trump for signing.
In a major development for Solana (SOL), U.S. financial heavyweights Rothschild Investment and PNC Financial Services have disclosed new positions in Solana’s spot ETF products. The filings come as Solana ETFs continue to see steady inflows despite broader market weakness.
According to recent U.S. SEC disclosures, Rothschild Investment LLC, which manages around $1.5 billion in assets, revealed ownership of 6,000 shares of the Volatility Shares Solana ETF (SOLZ), valued at approximately $132,720.
Separately, PNC Financial Services, managing over $569 billion in assets, reported holding 1,453 shares of SOLZ worth roughly $32,140. Other notable institutional investors in the Solana ETF include Heck Capital Advisors, Belvedere Trading, and Tactive Advisors.
