Solana Sees Strong Inflows and Potential Triangle Breakout

Solana's price has been experiencing a surge in recent weeks, with digital asset investment products posting $1.2 billion in inflows last week. This figure marks the fourth straight week of positive flows, indicating improving sentiment across the crypto sector.

The strong inflows have been particularly notable for Solana, which recorded $31.8 million in net inflows. This has pushed year-to-date inflows to $247 million, highlighting rising institutional confidence in the asset.

Traders are now focusing on two technical formations that could shape Solana's next major move: a symmetrical triangle on the one-hour chart and a broader continuation structure resembling a Cup-and-Handle pattern. The triangle formation suggests a potential 10% move, with resistance clustered between $87 and $89.

A break above this resistance level could open up a path toward $94 and possibly $96, aligning with the measured target tied to the pattern. However, downside risk remains in play, with a loss of support potentially exposing Solana to a retreat toward the $80 region.