Solana’s exchange-traded funds continue to attract steady demand, marking 17 days of uninterrupted inflows as interest grows across major issuers. The streak underscores consistent accumulation during a period when Solana’s price has struggled to regain momentum.
Investors have continued adding exposure despite market volatility, suggesting confidence in the asset’s long-term trajectory. Besides, the sustained inflows arrive as analysts debate whether Solana’s current pattern signals an incoming rebound or a deeper correction ahead.
Bitwise Leads as Accumulation Continues
Bitwise has remained the dominant contributor during the streak, attracting $424 million from November 3 to 19. The bulk of new capital entered on November 3, when Bitwise pulled $65.2 million while Grayscale added $4.9 million.
VanEck, Fidelity, and Grayscale also recorded inflows, but only Bitwise and Grayscale posted gains every single day. This trend reduces circulating supply and strengthens the case for a price reaction once broader sentiment improves. Additionally, market watchers note that buyers appear to use recent weakness to accumulate positions at discounted levels.
Solana is trading near $141 with a weekly decline of roughly 9%. The market cap sits near $78 billion. The dip has not discouraged ETF accumulation, which continues to support the broader narrative that many consider the weakness temporary. Hence, inflow momentum may help stabilize price action if demand remains steady.
SOL Price Holds Key Levels as Analysts Anticipate Pattern Break
Market structure has become a focal point for analysts. The dude believes the weekly formation resembles a cup-and-handle pattern rather than a clean head-and-shoulders.
His view suggests that an upside break above the observed range could send Solana beyond $250 and possibly toward $500. He argues that a return to double-digit pricing feels unlikely in current liquidity conditions.
Source: X
CryptoCurb offers a similar stance, noting that the widely watched head-and-shoulders may fail if buyers continue defending the $130 to $135 support. Price has held that neckline through repeated tests, signaling resilience.
Moreover, a push above $160 could shift momentum toward $185 and later $220. A breakout beyond $220 would confirm a failed bearish pattern, which often sparks strong continuation.
Source: https://coinpaper.com/12502/solana-etf-streak-extends-to-17-days-as-buyers-ignore-market-weakness
