Solana, spot ETF funds may boost short-term momentum... Signal detected that the 'spot-futures difference' is narrowing

Institutional Capital Inflows Accelerate SOL Uptrend… Reaching $144.92

Solana has been maintaining a strong upward momentum this week. According to the latest market data, SOL is trading at $144.92, having increased over 7% in the past 7 days. Notably, this price movement is not merely due to improved market sentiment.

The key factor is the increasing inflow of institutional funds into the US-listed Solana spot ETF. On Monday alone, there was a net capital inflow of $16.24 million, the largest since mid-December. Even more striking is that the total net assets of the spot ETF have surpassed $1 billion, indicating that institutional investors are actively allocating capital into SOL.

Changes in Spot and Futures Market Balance… Signals from Whales and Stablecoins

On-chain data reveals interesting movements. According to Crypto Quant’s analysis, large whale orders are expanding in both the spot and futures markets for SOL, and simultaneously, buy-side dominance(buy-side dominance) signals are strengthening.

The crucial point here is the meaning of the spot-futures spread. In past strong bull markets, chasing buying in futures positions often drove prices higher. However, currently, the inflow of institutional funds into the spot market suggests a growing long-term holding demand for actual assets. This indicates a balancing of capital flows between spot and futures markets.

Data from DefiLlama also supports this view. The total supply of stablecoins within the SOL ecosystem has been recovering since early January, reaching approximately $15.32 billion. The influx of stablecoins is seen as a sign of ecosystem activation and new capital entering the market.

Technical Perspective: First Resistance at the $150 Level, Need to Defend $126.65 During Corrections

From a chart perspective, SOL shows multiple positive signals. Since breaking out of the falling wedge on December 26, the price has risen over 12% by Monday, and it is currently closing above the 50-day EMA at $163.45.

Technical resistance and support levels:

• First target: The 100-day EMA at $150.61 serves as the initial resistance zone.
• Momentum status: The daily RSI remains above the neutral line at 63, indicating ongoing bullish momentum, and the MACD has experienced a golden cross with expanding green histogram, further supporting the bullish trend.
• Support level: During correction phases, the weekly support at $126.65 is expected to be a key defense zone.

The current movement is seen as more than just short-term chasing; it reflects actual capital allocation by institutions, improved on-chain activity, and a confirmed technical uptrend.