Solana rose to $111.78, its highest level since January, after breaking above the $110 resistance level and climbing 85% above its year-to-date low. According to NS3.AI, spot Solana ETFs recorded more than $28 million in inflows this month, while more than 439 million SOL tokens were staked.
The article said technical analysis points to a $150 target for Solana. It added that a drop below $96 would invalidate the bullish outlook.