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Solana Surges 12% to $87 as ETF Inflows Spike, Outpacing Bitcoin and Ethereum

SOL ETFs attract $24.93 million in weekly inflows as altcoin rotation accelerates and technical indicators flash bullish signals

By Abdul-Raqeeb Hussayn

12 hours ago

Last updated

12 hours ago

Solana Surges 12% to $87 as ETF Inflows Spike, Outpacing Bitcoin and Ethereum

KEY FACTS

  • Solana surged 12% to $87.61, outperforming Bitcoin's 6% and Ethereum's 10% daily gains
  • Solana ETFs recorded $24.93 million in weekly net inflows, the only major crypto ETF with positive flows
  • Technical breakout above $83.44 resistance targets $90.97, with bullish MACD crossover forming

Solana posted a 12.17% surge over the last 24 hours to reclaim the $87 level, outperforming both Bitcoin and Ethereum in daily gains. The token now trades at $87.61, pushing its market capitalization to approximately $49.82 billion.

This rally marks a significant recovery from oversold conditions across the broader cryptocurrency market. Bitcoin gained over 6% to reach approximately $68,000, while Ethereum climbed more than 10% to reclaim the $2,000 level.

Despite the strong daily performance, Solana remains down 28.41% on a monthly basis from its previous close of $127. The weekly performance stands at a 6.53% gain.

ETF Inflows Set Solana Apart From Rivals

According to blockchain analytics platform Lookonchain, Solana ETFs recorded net positive inflows across both daily and weekly timeframes. The one-day net inflow reached 60,242 SOL, valued at $5.12 million.

The seven-day net inflow totaled 293,324 SOL, equivalent to $24.93 million. Among the three main cryptocurrency ETFs tracked, only Solana experienced net inflows in both periods.

Solana ETFs have accumulated $30.33 million since February 10, according to Yahoo Finance data. This steady institutional interest stands in contrast to outflows seen in competing products.

Solana Rallies Amid Altcoin Season Index Surge and Saylor Endorsement

The CMC Altcoin Season Index rose 20.69% over the past week to reach 35, its highest level since January. Capital rotation into higher-beta altcoins has accelerated across the market.

Solana’s rally coincides with gains in other major altcoins, including Cardano. Analysts point to a market-wide risk-on move rather than isolated buying pressure on SOL.

Meanwhile, Michael Saylor addressed the Strategy World 2026 Keynote with remarks on programmable digital credit. He stated that the future of this technology will be deployed on Solana.

Sustained momentum in the Altcoin Season Index above 40 would signal deeper rotation into alternative cryptocurrencies. The current reading remains below that threshold.

Solana Breaks Key Resistance as Technical Indicators Signal Bullish Momentum

Solana broke above a critical resistance level at $83.44, with analyst @alicharts targeting $87.11 and $90.97 as the next levels. Trading volume increased 13.08% during the breakout.

The token now tests the upper Bollinger Band at $90.66. The middle band sits at $84.07, recently reclaimed during the rally. The lower band held as support at $77.48 during the recent selloff.

The MACD indicator approaches a bullish crossover, with the MACD line at 1.65 curling upward toward the signal line at -6.59. The histogram has begun turning from deep red to smaller values.

Key resistance levels stand at $90.66, $94-95, and the psychological $100 mark. Support rests at $84.07, followed by $77-78 and the capitulation low of $72-73.

Source: TradingView.

Volume analysis reveals accumulation patterns at the $72 low, with large buying volume exceeding selling pressure. The February capitulation event showed massive red bars followed by increasing green bars on the recovery.

Fibonacci retracement from the $245 high to $72 low places the 0.236 level at $110. This represents the first major resistance target. The current price sits at approximately 9.5% retracement of that range.

A falling wedge pattern from December 2025 to February 2026 appears to be breaking to the upside. The immediate bullish scenario requires SOL to hold the $83.44 breakout level on daily closes.

Failure to maintain support at $83.44 would invalidate the breakout structure. This scenario could lead to a retest of the $78 swing low. The price trajectory remains bullish with a target toward $90.97.

Disclaimer: Coinwaft is a crypto media platform providing cryptocurrency news, analysis, and trading information. The content of this article is for informational purposes only and should not be considered as financial, legal, or investment advice. Readers are advised once again to research or consult a financial expert before making any financial decision.

© 2026 Coinwaft. All Rights Reserved.

Abdul-Raqeeb Hussayn

Abdul-Raqeeb Hussayn

I'm a Web3 content writer with a Web2 marketing background. I create blogs, reports, and market analysis that make complex blockchain concepts clear for readers and credible for investors.

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