Solana ETFs extend 9-day inflow streak as SOL tests $100 support

Nine straight days of Solana ETF inflows collide with cooling momentum indicators as SOL tests the $100 support level.

SOL traded near $101.59 after shedding roughly 3 percent the previous session, putting the $100 psychological support level under direct scrutiny.

Solana-focused ETFs booked $153.87 million in net inflows last week, extending their streak to nine consecutive days of net buying, according to SoSoValue data. US spot Solana ETFs recorded $60.91 million in daily inflows on August 27, their best daily result of the year to date, with August inflows surpassing $134 million before the month closed. Morgan Stanley's MSOL led the August 26 session with $5.5 million, while Bitwise's BSOL added $2.6 million and VanEck's VSOL took in about $1 million. Cumulative inflows since launch stand at roughly $1.26 billion.

The divergence between sustained institutional demand and easing technical momentum leaves SOL's near-term direction hinging on whether the $98.02 support level holds. A break below that level shifts attention to the 200-day EMA at $89.71, while a hold keeps the $116.88 resistance barrier in play.

Solana validators voted to double the disinflation rate to 30 percent and establish a new governance framework, a move aimed at structuring disinflation and supporting long-term growth. A separate proposal to introduce usage-based fees, which could have pushed daily SOL burns to almost 9,000 tokens, failed to pass. The governance outcome leaves the disinflation measure in place without the proposed usage-based fee mechanism.

Technical levels define the $100 question

SOL remains above its 50-day EMA at $85.05, its 100-day EMA at $82.77, and its 200-day EMA at $89.71. With all three averages below the market, the broader technical structure remains constructive despite easing short-term momentum. The daily RSI has eased to 67 from overbought levels, suggesting buying pressure is cooling even as ETF inflows remain positive. The MACD is edging lower toward its signal line, reinforcing that the pace of upside is slowing rather than accelerating.

Immediate downside support sits at the February 1 low of $98.02. A break below that level shifts attention to the 200-day EMA at $89.71, then to the 50-day EMA at $85.05. On the upside, the next notable hurdle is $116.88, the December 18 low.

If SOL holds the $98.02 low and stays above $100, the existing EMA structure remains intact, and $116.88 becomes the level to watch for a possible extension of the move higher. A break below $98.02 shifts attention toward the 200-day and 50-day EMAs as the next support levels and would indicate that ETF inflows have not offset broader selling pressure.

The token's 43 percent August rally, which pushed its market cap above $60 billion, has been supported by roughly 5 million daily active addresses on the network, according to CryptoSlate data. Bitcoin and Ethereum ETFs also logged nine consecutive days of inflows through August 27, with BTC funds adding $242.30 million and ETH funds $235 million that day, according to CoinGlass data, suggesting institutional demand is broadening across major crypto assets.

This article is for informational purposes only and does not constitute investment advice.