The U.S. Solana Spot ETF has achieved net inflows for 11 consecutive trading days, recording US$10.9 million on September 1.
Cumulative net ETF inflows have soared to US$1.35 billion, and total asset management has reached US$1.39 billion.
SOL derivatives trading volume increased 22% to US$9.43 billion, but open interest fell slightly.
SOL remains above the key support level of US$95, with potential breakthrough points of US$110 and US$120.
Technical analyst Wealthmanager predicts that if support can be maintained, the long-term target price will be US$250.
Solana (SOL) is currently trading at approximately US$99, with a slight correction of approximately 3% in the past 24 hours. However, this short-term correction has not undercut the staggering 35% gain SOL has recorded in the past two weeks.
Solana (SOL) price
The cryptocurrency fell to $99.35, but managed to hold the psychologically important $100 barrier for most trading hours. Trading activity is limited to between $97.38 and $100.71.
U.S. exchange-traded funds that track Solana spot prices have recorded positive net inflows for 11 consecutive trading days. The single-day net inflow on September 1 was US$10.19 million, compared with US$10.9 million on the previous trading day.
Total net inflows from all available products have climbed to US$1.35 billion. The total asset management size of these instruments is US$1.39 billion and the daily trading volume is US$68.55 million.
Bitwise dominated single-day capital attractiveness, with new net inflows of $6.17 million, while Fidelity attracted $2.67 million. Morgan Stanley contributed $1.36 million, while other registered funds reported zero new capital inflows during the period.
Bitwise maintains a leading position among providers, with assets under management reaching US$949.83 million and cumulative historical net inflows reaching US$1.03 billion. This continued inflow trend suggests that institutional demand remains stable even despite temporary price fluctuations.
Cryptocurrency market analyst Ali Charts shared insights on X, urging his audience to abandon its bearish stance on Solana. He emphasized that technical patterns were moving into bullish territory and recommended locking in positions before the next major price move in SOL.
Solana derivatives market trading activity heats up
Solana derivatives contract trading volume expanded 22% to US$9.43 billion, indicating increased trader engagement. Conversely, open interest fell 1.40% to $6.47 billion, meaning some leveraged positions have been cleared or closed.
Options contract trading volume surged 19.30% to US$15.18 million. Open interest in options contracts increased slightly by 2% to $135.98 million.
The Relative Strength Index currently stands at 62.15, which has fallen back from the previous overbought area. The capital flow indicator read 0.25, indicating that there is continued accumulation of funds within SOL.
Solana continues to stick to the support level of $95, which market analysts believe is critical to maintaining the current recovery trajectory. If it can be confirmed that the daily closing price stands above $100, it will open the way for the $110 resistance level.
If we succeed in breaking through US$110 with a large amount of trading volume, it may trigger further upward momentum, and the target is towards US$120. Market analyst Wealthmanager pointed out that if SOL successfully converts former resistance into new support after breaking through the macro downward trend pattern, then $250 is a feasible long-term goal.
In a downtrend scenario, if SOL fails to hold US$95, it will face downward pressure and may fall towards US$90. If it clearly falls below US$90, market attention will turn back to the US$80 support area.
The latest ETF statistics show that net inflows on September 2 were US$10.9 million, continuing the impressive 11-day record of consecutive positive inflows.

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