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Solana Climbs Back Above $90 as ETFs See Fresh Inflows and Shorts Unwind

Fresh ETF inflows lifted SOL near $93 following a rare buy signal.

Overview

  • SOL trades around $92–$93, up roughly 4–5% on the day after a ~13% weekly rise.
  • Solana ETFs recorded $10.70 million in net inflows for the week, including $7.60 million on Friday, with cumulative inflows since launch reported around $961–$968 million.
  • Futures open interest jumped more than 7% in 24 hours to $5.57 billion, with about $14.43 million in short positions liquidated.
  • The March 13 SuperTrend flip to bullish signaled improving near-term momentum, though weekly technicals still skew negative with major moving averages above price.
  • Key resistance is the 50-day EMA near $94.17, with the 100-day EMA around $109.58 cited as the next upside level if momentum persists.