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Solana Reclaims $90 as ETF Inflows and Short Squeeze Lift Price

Key resistance near $94–$100 now looms, with weekly indicators still skewed bearish.

Overview

  • SOL trades around $92–$94 after a 4–5% daily gain and roughly 13% rise over the past week.
  • Spot Solana ETFs logged $10.7 million in net inflows for the week, bringing cumulative totals to about $961–$968 million.
  • Derivatives activity accelerated as futures open interest jumped over 7% to $5.57 billion and about $14.43 million in short positions were liquidated.
  • Near-term structure shows $90 holding as support, with the 50-day EMA near $94 as the first ceiling and $100 plus the SMA200 around $103.7 as confirmation levels for a stronger recovery.
  • On-chain and market signals point to accumulation, including exchange outflows and buy-side dominance, while tokenized real-world assets on Solana are estimated near $873 million.