Solana Tests Key Resistance as ETF Inflows Boost Bulls

Key Moments

Institutional Flows Support SOL Outlook

Solana (SOL) price action is clustering just below a critical resistance area around $87.10 on Tuesday, a level that could shape the token’s next directional move. Sentiment around SOL has been improving in tandem with rising institutional interest in spot Solana Exchange Traded Funds (ETFs), while commentary from Solana Foundation leadership underscores the network’s long-term positioning as financial infrastructure.

Data from SoSoValue show that spot Solana ETFs began the week with another day of net demand. On Monday, these products attracted $3.28 million in inflows, following $35.17 million over the prior week and marking the fifth consecutive session of net inflows. The continuation and potential acceleration of this pattern could provide additional support for an upside move in SOL.

On the derivatives side, SOL’s funding rate flipped into positive territory on Monday and stands at 0.0068% on Tuesday, indicating that traders holding long positions are paying those on the short side. This configuration generally reflects a bullish tilt in leveraged positioning.

Solana Foundation Highlights Unified Liquidity Design

Lily Liu, President of Solana Foundation, discussed the network’s structural design during an interview at the Solana Policy Institute’s Washington x Wall Street Summit. She stressed that Solana is constructed around the idea of unified liquidity, which she described as the key driver in finance.

According to Liu, markets are ultimately shaped by liquidity dynamics, with the largest and most efficient pools of capital tending to prevail. In the context of an internet-connected world of nearly 5.5 billion people, she argued that Solana’s architecture is oriented toward enabling the largest possible marketplace on a single network, which she views as reinforcing its long-term edge as financial infrastructure capable of supporting global adoption.

Technical Picture: SOL Presses Toward $87.10 Barrier

On Tuesday, Solana is changing hands at $85.27, representing a gain of more than 2% compared with the previous session. The price is edging closer to the 50-day Exponential Moving Average (EMA) at $87.10, a level where a sustained close would imply a constructive shift for the near-term trend.

SOL is currently consolidating around the session pivot near the prior open and remains confined within a parallel channel. The upper boundary of this pattern is acting as dynamic resistance in the vicinity of $92.11. On the daily timeframe, the Relative Strength Index (RSI) is hovering near the midpoint around 50, reflecting neutral momentum conditions. The Moving Average Convergence Divergence (MACD) indicator is still in positive territory but has been moderating, pointing to only a tentative recovery inside a broader capped setup.

On the upside, the first notable resistance level is the 23.6% Fibonacci retracement of the latest swing near $86.67. That is followed by the 50-day EMA at $87.10, where a clear break would help alleviate immediate downside risks. Above this area, the channel’s upper boundary around $92.11 comes into focus, ahead of the 100-day EMA at $97.06 and the 38.2% Fibonacci retracement at $98.53.

More pronounced resistance is located near the 50% retracement at $108.12. Further up, the 200-day EMA, which is grouped with the 61.8% Fibonacci level in the $117–$118 region, combines with horizontal resistance at $120 to form a substantial overhead barrier.

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