Solana exchange-traded products drew roughly $31 million in weekly inflows as the token's price remained compressed inside a $77–$90 trading range that analysts say could resolve with a sharp move in either direction, with technical structures pointing to targets as low as $57 or as high as $500 depending on which pattern plays out.
What Happened: ETF Inflows and Range Compression
Analyst Umair Crypto noted SOL has consolidated within the $77–$90 band for 11 days, with liquidity swept on both ends of the range. The price currently trades below the range's point of control, introducing mild bearish pressure.
A short-term rotation toward $81–$82 or even a brief push to $93 remains possible, but neither would constitute a sustainable breakout unless $90 is reclaimed as support with strong volume. If the range breaks to the downside, $57 stands as the broader target.
Separately, weekly net inflows of approximately $31 million into Solana ETFs and exchange-traded products signal growing demand through regulated channels.
Many of these products trade on European and international exchanges, suggesting non-U.S. investors increasingly view SOL as a core portfolio allocation rather than a speculative bet.
ETF inflows typically require issuers to purchase spot SOL or hold equivalent derivatives exposure, adding steady buy pressure while the flows persist. Larger assets under management also tend to improve secondary market liquidity as market makers expand hedging activity.
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Why It Matters: Competing Technical Structures
Analyst Trader Tardigrade published a separate analysis suggesting Solana is forming a classic Wyckoff Reaccumulation pattern after its prolonged decline. The model places a selling climax near $110 in Aug. 2024, followed by an automatic rally toward $264 and a series of secondary tests that included a fakeout near $295.
A spring formation around $68 in early 2026 — a sharp wick rejection that likely cleared stop-loss liquidity — may have completed Phase C. SOL must now hold above $95 to confirm a sign-of-strength rally under Phase D. If the pattern plays out, projected targets include $150, $250 and eventually $350–$500 or higher.
The bullish thesis remains conditional. SOL must defend the spring low and demonstrate improving volume. The key question for ETF flows is whether the $31 million week represents a sustained trend or a one-time rotation.
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