Solana paused after a strong weekly advance, with traders weighing a pause near $81.63 resistance against fresh signals of renewed institutional participation. The token’s bounce has been supported by spot Solana ETF inflows, improving derivatives positioning, and a pickup in on-chain activity, according to data from CoinGlass and Solana’s own network updates.
While momentum appears intact, investors are watching whether Solana can hold key support levels and break through the next resistance cluster around the 100-day moving average and nearby Fibonacci levels.
Key takeaways
- Price move: Solana has halted after a roughly 14% weekly rally, stalling around the $81.63 area.
- Catalyst: US-listed spot Solana ETFs returned to net inflows after a prior week of net outflows.
- Derivatives signal: Solana futures open interest rose to about $5.8 billion over the weekend, with funding rates turning positive.
- On-chain support: Solana’s tokenized asset spot trading volume reportedly more than doubled quarter over quarter.
- Implication: A sustained move above the 100-day moving average near $81.63 could open the door to further upside; failure to hold support could shift focus back to lower levels.
Spot Solana ETFs return to positive flows
Institutional demand appears to have improved. According to CoinGlass ETF data, US-listed spot Solana exchange-traded funds recorded $5.8 million in net inflows during the previous week, reversing the prior week’s $1.8 million in net outflows.
ETF flow stabilization can matter for market structure because it tends to reduce the probability that spot demand is fading just as momentum improves. Investors typically interpret a return to inflows as a sign that allocation interest is broadening beyond short-term traders.
Derivatives and on-chain data bolster the bullish case
Beyond spot ETFs, derivatives and on-chain metrics point to firmer conviction.
Data from CoinGlass shows Solana futures open interest climbed to $5.8 billion over the weekend, reaching its highest level since mid-May before easing slightly to about $5.6 billion on Monday. Higher open interest generally indicates more participation and can suggest traders are placing bets aligned with the prevailing trend.
Funding rates have also shifted toward the long side. CoinGlass data indicates Solana’s funding rate turned positive on Sunday and was 0.0081% on Monday, a configuration that typically reflects longs paying shorts and is often read as a strengthening bullish sentiment rather than a crowded short trade.
On the network activity front, Solana’s official X account reported that tokenized asset spot trading volume reached $5.7 billion in the second quarter, up from $2.7 billion in the first quarter. The company framed the increase as evidence of expanding adoption of tokenized assets on the network, with demand growth that can be associated with broader institutional and application-level participation.
Technical outlook: resistance near $81.63, support around $79.27
Technically, Solana remains in a constructive posture despite the Monday pullback. The price is reportedly trading above the 50-day exponential moving average at $76.41 and above the 50% Fibonacci retracement level at $79.27, suggesting buyers have continued to defend key support zones.
However, the immediate ceiling is the 100-day EMA near $81.63. The article also points to additional resistance in the 61.8% Fibonacci retracement level around $83.78. Momentum indicators are described as supportive: the Relative Strength Index remains near 60, indicating positive momentum without signaling an extreme overbought condition, while the Moving Average Convergence Divergence remains in bullish territory.
If Solana can sustain a close above the 100-day EMA, the next target area is described as $90.21. Further resistance is then mapped near $96.19, followed closely by the 200-day EMA around $96.73.
On the downside, the first line of defense sits at $79.27. Additional support is cited around $77.06 and the 50-day EMA at $76.41. If those levels break, the next downside reference points include the recent swing low at $74.75, with deeper support indicated near $69.16 and $60.13.
What to watch next
For the next phase of the move, investors will likely focus on whether spot ETF flows continue to stay positive and whether derivatives positioning remains supportive—particularly open interest levels and funding rates. On the technical side, traders will watch for follow-through above the $81.63 to $83.78 resistance zone, while market participants will also be alert to any loss of momentum that could push price back toward the $79.27 support area.
