Price surge: SOL reclaimed $142 support with 18.7% monthly gain amid record ETF inflows

Technicals: Strong 3.66 long/short ratio indicates whale optimism; RSI neutral with MACD consolidation signals

Catalysts: Morgan Stanley spot ETF filing and $220M record daily flows drive institutional demand

Market Status

SOL is trading at $142.08, maintaining a 4.41% weekly gain despite a minor 1.99% 24h dip.

Market capitalization stands at $80.43 billion, representing 2.5% of the total crypto market dominance.

Institutional demand peaked with a record $220 million in single-session ETF flows and a $23.57 million daily net inflow.

Solana’s USDC supply has surpassed $8.9 billion, signaling its emergence as a core financial layer for global payments.

Trading Strategy

Key support is established at the $140-$145 range; a sustained break above $150 targets the $165 resistance level.

Technical indicators show a neutral RSI, while MACD signals suggest a consolidation phase before the next leg up.

Futures market sentiment is highly bullish with a long/short ratio of 3.66, dominated by 299 long whales.

Long whales have an average entry price of $143.72, indicating a potential "buy the dip" zone near current levels.

Suggest entry in the $138-$142 range with a stop-loss at $135 and profit targets at $155 and $170.

Driving Factors

Morgan Stanley filed for a spot Solana ETF on January 6, 2026, marking a major institutional milestone.

The SEC is reportedly discussing the inclusion of staking rewards in ETF structures, potentially increasing investor yield.

The Digital Asset Market Clarity Act of 2025 has provided the legal framework necessary for legacy bank participation.

Binance will suspend deposit/withdrawal services for Turbo (TURBO) on the Solana network on January 22, 2026. 

Risk Warning

Fear & Greed Index is at 50 (Neutral), suggesting the market is not yet overextended despite the recent rally.

Social sentiment remains positive with 2,196 bullish mentions compared to 746 bearish ones on Binance Square.