Solana's Retail Support Fuels 4% Price Rebound Amid Muted Institutional Activity

Solana (SOL) has been showing signs of recovery, advancing above its 50-day Exponential Moving Average (EMA) at $76.82 after a roughly 4% rebound the previous day.

The SOL derivatives market is witnessing steady positional buildup, with positive funding rates and rising volume indicating a bullish bias despite muted institutional activity so far this week.

Easing risk-off sentiment in the crypto market has triggered renewed retail support for major altcoins such as Solana, with CoinGlass data showing SOL futures Open Interest (OI) holding stable at around $4.93 billion over the last 24 hours and volume increasing 15% to $6.90 billion.

Solana Exchange-Traded Funds (ETFs), however, recorded two consecutive days of zero inflows so far this week, indicating that large-wallet traditional investors are standing on the sidelines.