#sol Solana rose 1.55% over the last 24h, aligning with a 6.25% weekly gain but trailing the broader crypto market’s 0.97% rise. Key drivers:

ETF Inflows Rebound – Solana ETFs saw $5.3M inflows on Nov 29, reversing a brief outflow streak (Coinspeaker).

Technical Breakout Signals – MACD bullish crossover and consolidation near $133–$136 support.

Ecosystem Endorsements – Ripple exec’s public praise amplified confidence in Solana’s tech (U.Today).

Deep Dive

1. ETF Demand Resumes (Bullish Impact)

Overview: After a one-day outflow of $8.1M on Nov 28, Solana ETFs rebounded with $5.3M inflows on Nov 29. Grayscale’s ETF led with $4.33M, signaling renewed institutional interest despite broader crypto ETF outflows.

What this means: Persistent ETF demand reinforces Solana’s status as a regulated asset alternative. The 22-day inflow streak prior to Nov 28 showed sustained accumulation, and the rebound suggests dip-buying at lower prices.

What to watch: Daily ETF flow data and SEC updates on staking-enabled ETFs.

2. Technical Momentum Builds (Bullish Impact)

Overview: SOL is consolidating in a falling wedge pattern with a bullish MACD crossover. Key support at $133 aligns with its 7-day SMA ($137.9), while resistance sits at $143–$150.

What this means: Traders are interpreting the $133–$136 zone as a liquidity pool for potential upside. A daily close above $143 could trigger a 62% rally target toward $220, per technical projections (Coinspeaker).

3. Cross-Chain Validation (Mixed Impact)

Overview: Ripple’s Luke Judges praised Solana’s “pragmatism and speed,” citing its recovery from $8 to $139 as a trust-building milestone. This followed Solana’s partnership with Dubai’s VARA for blockchain infrastructure development.

What this means: Endorsements from rivals and regulators enhance Solana’s credibility but also highlight competition (e.g., XRP Ledger’s smart contract push).

Conclusion

Solana’s 24h rise reflects ETF resilience, technical optimism, and strategic ecosystem growth—though it remains 30% below its 30-day high. Key watch: Can SOL hold $140 and convert it into support ahead of December’s Alpenglow upgrade testnet launch?