Solana (SOL) Price: SOL Hit $86 as ETF Inflows Reach $1.16 Billion - Is $100 Next?
TLDR
- US Solana spot ETFs recorded $1.58 million in daily inflows on August 18, bringing cumulative net inflows to $1.16 billion.
- SOL hit $86 on Wednesday before pulling back slightly to trade around $84.81.
- Analysts are watching $100 as a key level, with a decisive break above it seen as a confirmation of a market bottom.
- Long-term price targets from analyst Ali Charts sit at $295 and $400.
- Analyst Michaël van de Poppe says SOL remains ready for a strong breakout upward.
Solana touched $86 on Wednesday before pulling back slightly, and is now trading around $84.81. ETF inflows continue to build as analysts watch the $100 level closely.
US spot Solana ETFs pulled in $1.58 million on August 18, according to SoSoValue data. That brings total cumulative net inflows to $1.16 billion since the products launched.
Total net assets across the Solana ETF products stood at $923.57 million, with $30.13 million in total value traded on that day.
Bitwise accounted for the full $1.58 million daily inflow on August 18. The other listed funds recorded no new net inflows for that session.
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