Solana is trading at $95 at press time on Wednesday after finding support around the key technical level near $94. The price rebound comes thanks to strong institutional demand, with spot Solana Exchange Traded Funds (ETFs) recording inflows for the seventh consecutive day, hinting at a potential rally ahead. Additionally, improving sentiment in derivative markets further strengthens the bullish outlook for Solana. Strong institutional demand for SOL SOL is approaching the $100 psychological mark thanks to growing institutional demand. CoinGlass ETF data shows that spot Solana ETFs recorded inflows of $19.07 million on Tuesday, after $26.57 million the previous day. This marks the seventh straight day of positive flows since May 4.
Source: Read the original article
