Solana ETF products have achieved unprecedented institutional adoption, with cumulative inflows reaching a record $1.22 billion this week, according to Farside Investors data. Monday alone delivered $33.5 million in inflows, marking the largest single-day figure for the six US spot products in 2026. Bitwise's BSOL accounts for the majority of this record total, though concentration remains a concern as BeInCrypto previously flagged single-issuer concentration in mid-August when weekly inflows jumped 70 times over. The funds began trading in late October 2025, with most of the cumulative total arriving in the first two months before flattening for roughly half a year. One product, Tuttle's TSOL, has carried net outflows for almost the entire period.
Solana has achieved a 14% weekly rally from $85.37 on August 20 to an intraday high above $102.59 on August 25, representing a 20% peak increase before profit-taking pulled the token back toward $97.50. The move allowed SOL to break above the $87.50 and $93.75 Murrey Math levels, both of which had previously acted as important resistance zones. However, the daily chart shows the price briefly crossed the **$100
Solana's advance occurred alongside a broader crypto market rally after liquidity actions by the U.S. Treasury pushed government bond yields lower and weakened the U.S. dollar. More than $4 billion in crypto short positions were reportedly liquidated over several days, creating forced buying across major digital assets. The rally allowed SOL to break through the upper-$80 range, with short covering and momentum buying helping carry the token through the psychological $100 barrier. Improving U.S. regulatory expectations added to the change in sentiment, with investors responding to the Securities and Exchange Commission's proposed crypto framework and renewed congressional attention on the Digital Asset Market Clarity Act.
The daily Relative Strength Index has climbed to 79.32, well above the commonly used overbought threshold of 70, while the moving average stands at 68.71, confirming accelerated momentum during the latest rally. However, Solana remains below the $100 resistance with the daily RSI at an overbought 79.32. The 4-hour chart shows buyers defending $96.67 with the Chaikin Money Flow indicator at 0.14, suggesting buying pressure continues to exceed selling pressure despite the pullback. A 4-hour close above $101.04 could strengthen the case for another test of $102.59–$103.08, with the upper Bollinger Band at $101.04 representing the immediate technical barrier.
Pseudonymous trader Altcoin Sherpa expects Solana's advance to continue toward $120+ in the coming weeks as long as BTC remains stable, citing inflation going down and risk conditions improving. A move to $120 from current levels would represent an increase of about 23%, requiring clearance of resistance at $100, $103.08, $106.25, and $112.50. However, crypto analyst Haris describes the current structure as a possible bull trap due to repeated resistance between $98 and $102. The analyst identifies $92 as the first downside target, with failure to hold that level potentially leading to a deeper decline toward $80–$88. The immediate direction depends on whether buyers can turn $100–$103 into support, while liquidation heatmaps show dense positions around $98.90–$99.10 that could attract price movement if SOL crosses $99.
