Analyst: Solana to hold $95 on ETF inflows and exchange outflows
- —Solana fell from $101.36 to $95.84 after the CLARITY Act failed in the Senate
- —About 72 million SOL previously traded at the $95 level, a strong support zone
- —US spot Solana ETFs: nine weeks of inflows, over $200 million in a month
- —More than 3 million SOL withdrawn from exchanges in a month; new addresses around 10.8 million per day
Why it matters: The combination of ETF inflows, shrinking exchange supply and network growth reduces the risk of a prolonged SOL correction.
Source: Bloomingbit