Solana is holding a major support area despite its latest correction. The token plunged from over $101 to under $96 after the CLARITY Act failed to advance in the US Senate, but 72 million SOL previously traded at this level makes the zone significant. Institutional demand through US spot SOL ETFs has recorded nine straight weeks of net inflows, with more than $200 million entering these vehicles over the past month. Exchange supply continues to fall as more than 3 million SOL have been withdrawn from exchanges, while the network is still adding roughly 10.8 million new addresses each day. Solana’s TVL surged 18% from around $4.82 billion to approximately $5.7 billion, suggesting the current correction could be short-lived, especially as SOL is almost 30% up over the past month.
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