SOL sees inflows amid cautious ETF moves, approaching a make-or-break test at $118 with liquidity zones in focus. U.S. crypto markets closed the year with mixed ETF flows, while Solana drew fresh attention from traders watching a decisive technical zone. Data from SoSoValue showed uneven institutional positioning across major assets, even as SOL price action hinted at a possible turning point. Consequently, analysts shifted focus from fund flows to short-term structure, where Solana now faces a make-or-break test.
Significantly, smaller networks attracted capital. Solana spot ETFs saw net inflows of $2.93 million, while XRP spot ETFs added $8.44 million. This divergence suggested capital rotation instead of risk reduction. Solana traded at $123.95, reflecting a 0.94% daily gain despite a mild weekly decline.
Daily volume exceeded $3.09 billion, confirming steady market participation. With a market capitalization near $69.7 billion, SOL remained among the most actively traded assets. Solana approached a point where downside risk increased if buyers failed to defend that zone. Technically, SOL retreated after failing to sustain momentum above the $135 to $140 resistance area.
Price action showed lower highs, signaling weakening momentum. However, as long as $118 holds on a weekly basis, the broader range structure remains intact. Hence, upside targets near $135 and $150 stay technically valid. A close above $126 could trigger a move toward $132.
That area likely holds stop losses from short positions. Consequently, a brief upside sweep could occur even within a corrective structure.
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