Market sentiment toward Solana has taken a positive turn, aligning retail optimism with strong smart money conviction for the first time in months. According to Market Profit indicators and institutional flow data, Solana’s bullish sentiment was bolstered by a $10.43 million net inflow into U.S. spot ETFs in a single day, pushing total Assets Under Management (AUM) above $1.02 billion.
This shift occurs as buyers successfully defend the demand zone between $120 and $135, absorbing selling pressure without allowing a price collapse. Derivatives data reinforces this structure, with the long/short ratio reaching 72.6% on Binance. Furthermore, a net outflow of $4.17 million in SOL from exchanges suggests quiet accumulation by investors moving their assets into long-term cold storage.
It is vital to monitor whether the price can reclaim key resistance zones to validate a durable trend reversal. While Solana’s bullish sentiment and institutional backing are constructive, definitive confirmation will depend on the asset’s ability to break above the midpoint of its current descending channel. Traders should keep a close eye on the continuity of ETF inflows and the stability of the price structure.
Source:https://x.com/MarketProphit/status/2008097397310955792?s=20
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