Solana Price Surge: Institutional Demand and Technical Analysis
Solana’s price is approaching $140, driven by stable institutional demand, which continues to dictate the market direction. The token’s price has been trading near a key resistance level, with spot and futures volumes showing mixed activity. According to recent data, Solana spot ETFs have recorded 21 consecutive days of inflows, attracting $53 million on November 25 and reaching a total value of $621 million.
The 24-hour spot volume stands at $4.92 billion, down 12.3%, indicating a decline in short-term participation. Derivatives activity is also mixed, with futures volume falling 1.17% to $18.34 billion, while open interest remained stable at $7.13 billion. This suggests that traders are not aggressively adding new positions after the recent volatility. Solana is up 1.4% in the last 24 hours and is heading toward the top of its seven-day range between $124.09 and $144.01.
Spot Solana ETFs See Strong Inflows
Solana institutional demand continues to be outstanding, with data from SoSoValue showing that SOL ETFs received net inflows of $53.08 million on November 25. This was led by Bitwise’s BSOL with $30.9 million, Grayscale’s GSOL with $15.9 million, Fidelity’s FSOL with $4.8 million, and VanEck’s VSOL with $1.33 million. The strength of ETF demand has been stable since the end of October, with Solana ETFs now recording the longest uninterrupted streak of any major crypto ETF in 2025.
Cumulative inflows have reached $621 million, a sharp contrast to outflows in Bitcoin and Ethereum products. ETF dynamics could continue to accelerate, with Franklin Templeton filing Form 8-A with the Securities and Exchange Commission to register the Franklin Solana ETF. This marks the final procedural step before trading, and the product could be listed on the NYSE Arca as early as November 26th. Raj Gokal, co-founder of Solana, called the trend “greatly underestimated,” noting that ETF inflows have created a stable demand base despite the recent market decline.
Technical Analysis of Solana Price
The chart shows Solana pushing into a tight price zone formed by a descending trendline from lower highs in October and a rising support line that has formed higher lows since mid-November. This compression is often preceded by greater movement. Traders are keeping a close eye on the $140 level, which has been a key support and resistance area for months. Momentum indicators are starting to show that the market is trying to recover from its recent weakness, with the Relative Strength Index rising from the oversold region and forming a bullish divergence.
Solana daily chart. Photo credit: crypto.news
The MACD and short-term moving averages have also started trending higher, while the longer-term averages are above the price, a sign that Solana is attempting to build a base within a larger bearish structure. If Solana stays above $140, buyers could look to move towards $150 and later the $160 area where stronger resistance lies. However, failure to stay above this level would bring the $128-$130 area back into view. A break below these levels could pull the market into the $118-$120 zone, especially if sentiment weakens or ETF demand weakens.
For more information, visit https://crypto.news/solana-price-jump-spot-sol-etfs-53m-inflows-2025/
