Spot Solana (SOL) exchange-traded funds (ETFs) in the United States continued their winning streak on Monday, marking the tenth consecutive day of net inflows. Despite Solana’s recent price pullback, institutional investors remain optimistic about the blockchain’s long-term prospects. Data from SoSoValue showed that spot Solana ETFs recorded a combined $6.78 million in inflows, bringing the total since launch to $342.48 million. Bitwise BSOL Leads as Flows Slow but Stay Positive Bitwise BSOL saw $5.92M in inflows, dominating Solana ETF activity, while GSOL added $854,480 amid steady accumulation. Although the pace of capital movement has slowed compared to the first week when nearly $200 million poured in the consistent inflows reflect steady investor confidence. Monday’s figure marked the lowest daily inflow since the ETFs launched on October 28. Moreover, these products have maintained positive inflows almost every trading day since inception. Only two sessions saw flat activity in Grayscale’s product, signaling ongoing demand for exposure to Solana’s network. The continued buying interest comes even as SOL’s spot price dipped 2.57% to $164 , with a 24-hour trading volume of $6 billion. Despite the minor decline, Solana remains 2.75% higher over the past week, supported by a market capitalization above $90 billion. Analysts See Bullish Flag Pattern Forming Analyst BATMAN described Solana’s current technical structure as another bullish flag a recurring pattern that has historically preceded strong rallies. The token trades near $168 after rebounding from the lower end of the pattern. Support remains strong around $160, while resistance zones appear near $185 to $190. According to technical models, a decisive breakout above this resistance could drive SOL toward $220 or even $250. The repetition of these flag structures suggests consolidation before a renewed move upward. Such setups have often marked early phases of accumulation, followed by sharp gains. Higher Time Frame Charts Indicate Local Bottom Source: X Altcoin Sherpa also believes Solana is stabilizing after weeks of correction. The token has formed a higher low near $160 after rebounding from $136, signaling resilience in current conditions. Immediate resistance stands near $172, and a breakout could encourage further recovery. However, the analyst emphasized that Bitcoin’s direction remains crucial. If Bitcoin weakens, Solana’s progress could temporarily stall. Nonetheless, volume indicators show gradual accumulation, aligning with the view that Solana is preparing for another significant leg higher.
