Solana ETFs See Renewed Demand, SOL Eyes $120
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Solana exchange-traded funds (ETFs) recorded their strongest weekly inflows since February, signaling a resurgence in institutional interest. Concurrently, SOL futures open interest surged nearly 30%, reflecting growing speculative appetite. The convergence of ETF demand and rising open interest suggests that traders anticipate a breakout toward the $120 resistance level, a key psychological barrier. Technical indicators show SOL consolidating above support, with momentum building for a potential rally. However, sustained upside will require broader market support and confirmation of demand through volume. If inflows persist, SOL could challenge $120 in the near term, but failure to break may lead to a retest of lower support.
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