Solana ETF inflows look bullish after seven weeks: so why is SOL still stuck?

Solana SOL trades above $75 on Monday after falling 2.18% last week and finding support along an ascending trendline.

Sustained inflows into spot Solana Exchange-Traded Funds (ETFs) indicate that institutional demand remains firm. 

The technical picture is also showing early signs of recovery, although SOL must decisively break above the key $78 resistance area to confirm further gains.

Solana ETFs post seventh consecutive week of inflows

Institutional demand for Solana remains resilient despite the token’s recent price weakness.

According to CoinGlass, spot SOL ETFs recorded $10.26 million in net inflows last week. This was their strongest weekly performance since May 22 and marked the seventh consecutive week of positive flows.

The uninterrupted inflow streak suggests that investors continue to build exposure to Solana through regulated investment products. 

If demand strengthens further during the current week, ETF buying could support SOL’s attempt to break through nearby technical resistance.

CryptoQuant’s summary data also reflects cautiously optimistic market conditions. Solana’s spot markets show large orders from whales, indicating activity among deep-pocketed investors. 

Conditions in the futures market appear to be cooling, potentially reducing the risk associated with excessive leverage.

Other indicators remain neutral, leaving SOL with a mild bullish tilt rather than a firmly established upward trend. 

This balance suggests that the token has room to recover, but buyers still need to produce a convincing breakout before the broader outlook turns decisively positive.

Solana finds support at its ascending trendline

Solana trades at approximately $75.20 on Monday, slightly below the 50-day Exponential Moving Average (EMA) at $75.48.

Holding above this short-term average supports the possibility of a continued rebound. However, SOL remains below the 100-day EMA at $78.10 and the 200-day EMA at $88.69, indicating that its broader trend is still constrained.

The recent bounce from the ascending trendline suggests that buyers are defending the recovery structure. 

Still, Solana must overcome its medium- and long-term moving averages to establish a more convincing bullish trend.

Solana’s momentum indicators show modest improvement.

The Relative Strength Index (RSI) stands near 47, slightly below its neutral midpoint. This suggests that buying momentum is beginning to outweigh selling pressure, although the difference remains limited.

The Moving Average Convergence Divergence (MACD) indicator is also holding in positive territory, signaling stabilizing demand.

While these readings support further recovery, neither confirms a strong bullish breakout. SOL continues to trade within a broader range and remains vulnerable to rejection at nearby resistance.

The first upside obstacle is the recent horizontal resistance level at $77.07. Above this barrier, the 100-day EMA at $78.10 represents the next major test.

A sustained move above the $77.07–$78.10 region would reduce the current technical pressure and strengthen the bullish outlook. Such a breakout could allow Solana to target the 200-day EMA at $88.69.

If bullish momentum remains strong beyond that level, the higher resistance zone around $96.19 could return to focus.

On the downside, the 50-day EMA near $75.49 provides immediate support. The ascending trendline around $73.64 represents the next and more critical line of defense.

A daily close below $73.64 would weaken the recovery structure and expose Solana to a deeper correction within its prevailing range.