Overview
- SOL jumped about 7% to a $97.67 high before retreating toward the low $90s after hotter U.S. producer-inflation data pressured risk assets.
- Traders are watching for a daily close above roughly $94–$95 to bolster a break of the $98–$100 zone, with nearby supports at $94 and $92.
- Spot SOL ETFs drew $17.81 million on Tuesday, marking five straight days of inflows since March 10, and a sixth consecutive positive week with year-to-date totals near $181 million.
- On-chain trends remain supportive, including an estimated 25% month-over-month rise in TVL and a record Solana stablecoin float of about $15.7 billion.
- Futures positioning is disputed, with some data showing open interest below $2.3 billion since February while another source reported a 24-hour jump to roughly $5.8 billion.