Solana price rebounds on strong ETF inflows and rising on‑chain activity

The Solana (SOL) token has held above key technical support near $78‑$80, with the price trading around $80 and showing bullish momentum on moving‑average and MACD indicators. Recent market data show that U.S.–listed spot Solana ETFs attracted $5.75 million in net inflows over a week, extending a three‑day streak and bringing cumulative inflows to about $1.14 billion. The largest daily boost came from Bitwise’s BSOL product, which alone added $8.36 million.

On‑chain metrics also hit new highs: weekly non‑vote transactions exceeded one billion for the first time, and active addresses rose from 16.8 million to 29.7 million in two weeks, a 77 % jump. Solana ranked second in global spot crypto trading volume, processing $12.25 billion across exchanges. Analysts note that if the $75‑$77 support zone holds, the token could target $100 and possibly $120 in the coming weeks.

Overall, the combination of selective ETF demand, strong network usage, and supportive technical patterns underpins Solana’s ongoing recovery despite broader cryptocurrency market weakness.