Rich by Coin

Solana slipped out of last week’s consolidation after failing to sustain upside momentum, delaying a recovery toward $150. SOL has since traded cautiously, awaiting stronger confirmation. Solana’s ecosystem is introducing a novel catalyst through on-chain Creator ETFs, also known as Bands, launched via Bands.fun. Creator ETFs can bundle tokens or NFTs and rebalance automatically based on a predefined rule.

Higher network usage often supports price recovery by strengthening demand for SOL as a utility asset. Exchange balance data adds another constructive signal. Solana balances on centralized exchanges have dropped sharply over the past 10 days. During this period, investors accumulated roughly 2.65 million SOL, valued at $345 million.

This behavior suggests confidence in Solana’s longer-term outlook and supports the case for stabilization following recent weakness. CoinShares’ weekly report shows SOL attracted $48.5 million inflows in the week ending December 20. Month-to-date inflows now stand at $117.6 million. These allocations indicate sustained institutional interest.

Professional investors often accumulate during consolidation phases. Continued inflows can help offset retail selling and provide a foundation for recovery when market conditions improve. Solana price is trading near $124 at the time of writing, sitting below the $126 resistance. The combination of on-chain innovation, exchange outflows, and institutional inflows could support a recovery attempt by late December or early January.

A break above $126 would be an initial confirmation. Reclaiming $130 would further strengthen sentiment. The key upside target sits near $136. Clearing this level would signal progress toward recouping losses recorded earlier this month.

Downside risks persist if selling resumes or broader markets weaken. Solana’s price dropping below $123 could expose the $118 support. Exchange outflows and institutional inflows signal accumulation despite recent weakness. Solana on-chain creator ETFs could boost network usage and support price recovery.