Is Solana the next crypto to break $100 after ETF demand?

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Solana’s SOL is one of the best performers among the top 10 cryptocurrencies by market cap, up nearly 7% since Sunday. The coin has crossed the $90 mark after rallying 13% the previous week. Institutional and retail demand for Solana holds strong, evidenced by rising inflows and Open Interest. Furthermore, the technical outlook remains bullish, with the buyers looking to push SOL’s price above the $100 psychological level. ETF inflows support SOL’s rally Solana continued where it left off last week after adding nearly 7% to its value to now trade at $93 per coin. The rally comes as Solana-focused Exchange Traded Funds (ETFs) recorded a $7.60 million inflow on Friday, pushing its weekly netflow to $10.70 million.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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