Recently, Solana has demonstrated strong growth, breaking through resistance at $153, indicating a bullish trend. Simultaneously, there is an increase in futures trading volumes and inflows into Solana-based ETFs.
Solana’s Bullish Trend on the Market
On July 9, Solana broke a symmetrical triangle pattern, confirming a breakout above $153. According to crypto analyst Ali Martinez, this movement confirms bullish momentum in both spot and derivatives markets.
Futures Volume Surpasses $4 Billion
Solana futures have shown significant growth on the CME Group platform. On July 8, the notional volume of Solana contracts exceeded $4 billion, including both standard and micro-futures, indicating increased activity among traders.
Growth of Solana ETFs Inflows
At the same time, Solana ETFs reported rising capital inflows. A Bloomberg analyst noted that the $SSK ETF experienced a single-day inflow of $20 million, increasing its total assets to $41.94 million. Over the past month, three Solana ETFs attracted $80 million.
In conclusion, Solana is on a growth trajectory with an established bullish trend, increased activity in the futures market, and rising ETF inflows. These factors highlight growing interest in Solana-based assets.
