Solana gained 9% this week to reach $114, breaking above key resistance with the SOL/ETH ratio up 4%. U.S. spot Solana ETFs recorded $47.62 million in net inflows on September 18th, entirely through the BSOL ETF, indicating fresh institutional demand. The Solana network achieved an all-time high with 5.2 billion non-vote transactions in August, a 19% increase from July’s previous record. Solana dominance broke above 2.3% while Bitcoin dominance struggled near 60%, suggesting capital rotation toward Solana beyond general altcoin momentum. Technical indicators point to a favorable setup for a potential breakout heading into October.
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