Solana ETF Inflows Surpass Bitcoin and Ethereum as SOL Targets $190
Solana just pulled off a capital coup.
ETF inflows for the high-speed blockchain have officially overtaken both Bitcoin and Ethereum—a stunning shift in institutional appetite. Money is voting with its wallet, and right now, it's betting on speed.
The $190 Target: More Than a Number
Forget vague promises. The market has its crosshairs locked on a concrete figure: $190 for SOL. This isn't hopeful speculation; it's the price target crystallizing from this flood of new capital. Each institutional dollar flowing into the Solana ETF adds pressure to the spring, coiling it tighter toward that breakout level.
Why the Sudden Institutional Pivot?
The narrative is flipping. Bitcoin is the digital gold reserve. Ethereum is the decentralized computer. But Solana? It's becoming the transactional spine—the chain built for the volume Wall Street ultimately demands. The ETF inflows suggest a critical mass of fund managers now see the throughput argument as a valuation argument. They're not just diversifying; they're upgrading.
Of course, watching traditional finance scramble to buy the very assets it spent years dismissing is its own kind of poetry—a masterclass in profitable hypocrisy.
The real story isn't just that Solana is winning inflows today. It's that the market is prepping for a world where scalability isn't a bonus feature; it's the entire thesis. All eyes are now on that $190 threshold. If SOL punches through, it won't just be a new price high. It'll be a validation of an entirely different blueprint for blockchain's role in global finance.
SOL Eyes $190 as Head and Shoulders Pattern Emerges
However, the crypto analyst, Peak, revealed that Solana (SOL) is at a critical level as it settled into a head and shoulders formation on the daily chart. The level to watch is the $124 support zone, as it is a region where buyers have flocked in the past. If it holds, the correction may see a relief rally as the selling pressure drops.
Source: X
With an effective defense of the $124 level, it may allow SOL to continue to press higher towards the target at $190. Conversely, a breakdown from the support level WOULD confirm the bearish scenario and allow the contract to continue to fall towards the target.
Indicators Shows Stability Before The Next Big Move
On the weekly chart of SOL, the market condition appears to be range-bound with a slightly bearish trend. The RSI index is at the level of 43, which is lower than the midpoint of 50. This indicates that the momentum of the market is weak. However, the recent recovery from the lower level indicates that the selling momentum may be slowing down rather than gaining further strength.
Source: TradingView
MACD remains below the zero line, showing that the overall market is technically bearish, although the histogram has changed color to positive, implying that there is reducing bearish momentum. These two aspects together imply that there is stabilization rather than a trend reversal at this early stage.
Also Read: Solana price Under Watch After $43M Whale Short Position
