$3.78M ETF Inflows Support Bounce Toward $90

• Solana trades near $81.73 after bouncing from the $76 support zone, holding above critical Bollinger Band support at $77.36.
• $3.78 million in Solana spot ETF inflows on February 24 marks a shift from recent outflows, with cumulative inflows reaching $901.25 million.
• Open interest rises 2.26% to $5.02 billion while long/short ratios favor bulls at 2.59, setting up a potential recovery toward $90 to $94.

Solana price today trades near $81.73, up 0.53% in the past two hours after defending the $76 to $77 support zone. The bounce places buyers back in control of the short-term structure as institutional flows reverse and derivatives positioning shifts toward accumulation.

ETF Inflows Return After Multi-Week Distribution Phase

Solana spot ETFs recorded $3.78 million in net inflows on February 24, according to SoSoValue data. The reversal marks the first positive flow session after multiple days of institutional redemptions that pressured price below key moving averages.

Bitwise’s BSOL led the inflows with $2.62 million, while Fidelity’s FSOL added $1.16 million. The shift from outflows to inflows typically signals that institutional buyers view current levels as attractive accumulation zones, especially after extended corrections.

Cumulative net inflows now stand at $901.25 million, representing 1.56% of Solana’s market cap. When ETF flows turn positive and price holds support, it creates a floor for the next leg higher as institutional capital absorbs selling pressure from leveraged traders and short-term holders.

Derivatives Positioning Tilts Bullish As Longs Accumulate

Open interest climbed 2.26% to $5.02 billion, signaling that traders are adding positions into the bounce rather than closing them. Volume declined 9.07% to $10.71 billion, typical during consolidation phases where price stabilizes before the next directional move.

The long/short ratio on Binance sits at 2.59 for accounts and 2.98 for top traders, showing heavy skew toward longs. This positioning differs from typical bearish breakdowns where shorts dominate. The bullish bias suggests that traders expect the $76 low to hold and anticipate a move back toward resistance.

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4-hour and 24-hour liquidation data shows $555.98K in total liquidations, with shorts accounting for $483.71K. The flush of short positions from the bounce off $76 removed near-term resistance and cleared the path for buyers to push through the $80 to $83 range.

Bollinger Bands Squeeze Near Support As Volatility Compresses

The daily chart shows Solana trading between the lower Bollinger Band at $77.36 and the middle band at $90.05. The Supertrend indicator remains red at $94.00, confirming the trend is still bearish on higher timeframes despite the intraday bounce.

However, the structure is shifting. Solana defended the $76 zone three times in the past week, forming a higher low compared to the early February spike to $68. The repeated defense of support combined with improving ETF flows suggests accumulation is taking place.

Key levels now:

• Immediate support: $77.36 (lower Bollinger Band)
• Critical floor: $76.69 to $76.00
• First resistance: $83.71 (middle moving average)
• Major resistance: $90.05 to $94.00 (Bollinger Band midpoint and Supertrend)

The 2-hour chart shows the Ichimoku Cloud providing resistance near $81 to $82, a zone that needs to be cleared with volume to confirm the reversal. The RSI recovered from 44 to 62, showing momentum is building but has not yet reached overbought conditions that would signal exhaustion.

Intraday Structure Shows Bullish Divergence Forming

On shorter timeframes, Solana is attempting to break above the descending trendline that has capped rallies since mid-February. The Ichimoku Cloud on the 2-hour chart is shifting from red to neutral, suggesting the short-term trend is losing bearish momentum.

The Chaikin Money Flow would provide additional confirmation, but current price action shows buyers stepping in at support rather than waiting for lower prices. This shift in behavior typically precedes reversals, especially when combined with improving institutional flows.

Bulls need a close above $83.71 to flip the immediate structure back to neutral. From there, a push through $90.05 would invalidate the bearish setup and open the door to $94.00 and eventually a retest of $100.

Outlook: Will Solana Go Up?

The next move depends on whether Solana can convert the $80 to $83 zone from resistance into support and push through the Bollinger Band midpoint.

• Bullish case: Solana closes above $83.71 and breaks through $90.05 with rising volume. That flips the Supertrend and signals the correction has ended, opening the door to $100 and higher.
• Bearish case: A rejection at $83 followed by a close below $77 exposes the $76 low and potentially $70 if buyers fail to defend the floor.