đšSolana has been one of the strongest performers among the five largest cryptocurrencies, gaining roughly 10% over the past week and testing the $120 level before pulling back. $QI $BREW
Key Drivers:
· ETF Inflows: Spot Solana ETFs have seen consistent net inflows, with cumulative totals around $1.47 billion. Bitwise's BSOL product accounts for roughly 80% of inflows due to its staking yield feature.
· Network Activity: Solana now leads tokenized commodity DEX volume with a 36% market share, up from about 1% just three weeks ago.
· Technical Setup: Analysts are watching a potential five-year cup-and-handle pattern, with $240 as the key resistance target and $80â$85 as the invalidation zone.
Levels to Watch: Immediate resistance sits at $122â$124. First support is around $116, with a stronger zone at $107â$110.
Key Drivers:
· ETF Inflows: Spot Solana ETFs have seen consistent net inflows, with cumulative totals around $1.47 billion. Bitwise's BSOL product accounts for roughly 80% of inflows due to its staking yield feature.
· Network Activity: Solana now leads tokenized commodity DEX volume with a 36% market share, up from about 1% just three weeks ago.
· Technical Setup: Analysts are watching a potential five-year cup-and-handle pattern, with $240 as the key resistance target and $80â$85 as the invalidation zone.
Levels to Watch: Immediate resistance sits at $122â$124. First support is around $116, with a stronger zone at $107â$110.
