Solana ETF inflows soar: When will SOL price follow the trend?

Solana ETFs have gained significant investor interest, attracting $476 million in inflows over 17 consecutive days, despite a nearly 30% drop in SOL price from $186 to $130. The Bitwise BSOL ETF has dominated these inflows, accounting for 89% of the total. As of November 20, SOL demonstrated temporary outperformance versus Bitcoin and others but faced resistance at the $140 threshold, indicating potential for a decline to $120. Futures data revealed selling pressure building around $140, complicating bullish momentum. Without reclaiming this resistance level, SOL likely faces continued selling pressure, with market participants expressing caution amidst a backdrop of 'extreme fear.'

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