Solana attracts $56.6 million institutional inflow as SOL nears $93

Has the year-long downtrend finally ended?

After spending over a year in a descending price channel that led to a steep 75% decline, Solana has now broken above this long-standing range. Team LAMBO’s analysis shows that the downward channel began near $250 last year, and with the latest momentum, SOL has moved upward for the first time since. However, analysts caution that a clear weekly candle close above the channel is needed to confirm a lasting reversal.

Technical charts highlight that Solana has moved above this historic range. The next critical zone for SOL is the former resistance band between $120 and $150. If the price holds within this area and maintains positive momentum, this range could become a new short-term target.

Institutional interest and wallet activity rise

Market sentiment is buoyed not only by technical indicators but also by fresh fundamental data. Over the past month, Solana-based exchange-traded products (ETPs) have attracted $56.6 million in net inflows, including $6.7 million just in the past 24 hours. This signals persistent institutional appetite for SOL.

In recent weeks, increasing net inflows to institutional investment products have strengthened upward pressure on SOL’s price and reinforced bullish expectations in the market.

In addition, a previously dormant high-value wallet executed a single-session purchase worth $6.23 million in SOL. Data from Arkham reveals significant transfers between wallets associated with Binance and Wintermute to the Fireblocks platform, suggesting large players are shifting their positioning in the market.

Technical levels and critical zones

For the first time since October 2025, Solana has crossed above its 100-day simple moving average, offering renewed confidence to investors. Technical analysts now identify the $100–$105 range as SOL’s immediate resistance. A decisive move past this band is expected to open the way toward a $115 price target.

At present, the technical setup places Solana at a critical decision point. According to analyst Symba, a breakout from the current region could propel SOL toward $115, while a drop below support areas might drive the price down to $70.

The key support and resistance levels to monitor are as follows:

• Quick support: around $90
• Strong support zone: $86–$88
• Psychological resistance: $100
• Upper range: $100–$105
• Long-term target: $115
• Bearish scenario: risk of return to $70

With price movements fluctuating within these bands, the market’s focus remains on the potential for a sustainable breakout. Clearing the pivotal $100 threshold could pave the way for even stronger bullish sentiment.