Solana price eyes $160 rebound amid continued SOL ETFs inflows
The post Solana price eyes $160 rebound amid continued SOL ETFs inflows appeared on BitcoinEthereumNews.com.
Solana price is showing early signs of recovery after recent declines, supported by steady inflows into SOL ETFs. Summary SOL is showing signs of upward momentum after a recent decline to $150, increasing by 1.18% on the daily chart. The rebound comes amid sustained inflows into SOL-tracking exchange-traded funds (ETFs). The US government shutdown, which has lasted for 37 days, is adding uncertainty to the crypto market, with the Fear and Greed Index dropping to 24. Immediate support is at $159, with further support around $150. Resistance is at $175, and reclaiming this level could turn sentiment bullish. Solana price is currently gathering upward momentum for a potential rebound past the $160 level after a recent decline to $150 following a huge liquidation in the crypto market. Crypto.news data shows the asset has increased by 1.18% on the daily chart, signaling a shift towards positive momentum. This rebound comes as exchange-traded funds tracking Solana (SOL) continue to see inflows, with recent data from SoSovalue showing significant activity. Over the past seven days, SOL ETFs have recorded substantial inflows, including a peak of $70.05 million on November 3. However, there has been a sharp decline since then. On Nov 4, the inflows dropped to $14.83 million, and by Nov 5, the inflows further dipped to $9.70 million. The contributions for the latest inflow came from Bitwise BSOL and Grayscale’s GSOL, with $7.46 million and $2.24 million, respectively. The decline is likely fueled by broader negative sentiment across the crypto market, as well as ongoing macroeconomic challenges, such as the U.S. government shutdown. The shutdown, now in its 37th day, is the longest in U.S. history and has caused significant uncertainty, impacting liquidity across both traditional and crypto markets. This has been reflected in the Fear and Greed Index, which recently dropped…
Filed under: News - @ November 6, 2025 8:27 am