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Solana Breaks Above $153: Bullish Trend and ETF Growth

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by Giorgi Kostiuk

8 hours ago


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.

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