Overview
- Solana, which traded near $85 on Tuesday, is pressing a resistance band at the 50-day exponential moving average around $86.
- Spot Solana ETFs logged $3.28 million in net inflows, the first positive reading since late April, hinting at cautious new demand from institutions.
- Liquidation maps show many short bets between $84 and $87, a zone where forced buybacks could kick in if price pushes higher.
- Analysts say clearing $86 to $90 is the near-term step, while a reclaim of $106.24 would better confirm a shift back to a lasting uptrend.
- Network use remains strong with Q1 payments over $10 billion and active DApp activity, even as SOL has spent 90 straight days below $100.