Wall Street Buys $540 Million in Solana, Is SOL Targeting 95 in the Near Future?

Recently, SOL has shown strong performance, prompting many investors to consider entering the market. Let’s analyze this from both news and technical perspectives.
On the news front, Bloomberg data shows that in Q4 of last year, the top 30 institutions invested up to $540 million in Solana ETFs. Well-known institutions like Electric Capital and Goldman Sachs have been actively deploying, with total inflows reaching $952 million. Institutions are accumulating during the dip, clearly viewing SOL as a long-term asset rather than a short-term speculation, laying a solid foundation for SOL’s long-term trend.

On the technical side, the 1-hour chart indicates that SOL is currently in the 84 - 86 resistance zone. The MACD yellow-white line is above the zero axis, signaling an obvious bullish attack, but volume is shrinking, suggesting the main force may be waiting for the right moment. The 84 level is a key support, the lifeline for bulls; as long as it holds on the 4-hour chart, a rebound can continue. If broken, the rebound ends, with support levels at 80 - 77. Resistance above is at 90 - 95.

For retail traders, those with positions can hold as long as 84 doesn’t break. Consider taking profits near 90 and leaving some to aim for 95. Those without positions should avoid chasing above 86; wait for a pullback to 84 for support before entering, with a stop loss at 83.5. If it falls below 84, abandon long positions and wait for stabilization at 80 - 77.

Overall, the convergence of news and technical signals suggests that institutional cost bases mean they won’t easily lift retail traders’ positions. The current price may be lingering at resistance or undergoing a shakeout to accumulate more. As long as 84 holds, the rebound target is 90, even 95. If it fails, wait for a second test and stabilization before entering. Retail traders should stay calm and follow the trend. $SOL