Solana (SOL) is trading in a tight range between $77 and $90 as analysts await a decisive breakout. The SOL/BTC pair shows stronger structure than the SOL/USDT pair, a divergence that has persisted for 24 days. Meanwhile, Solana ETF inflows have reached February highs, exceeding $43 million last week, indicating sustained investor demand despite mixed technical indicators.
The price of Solana is consolidating sideways as analysts watch key technical levels. Analyst Umair Crypto highlighted that SOL needs to hold above the BTC 200 SMA and reclaim $85 for a breakout.
“However, the price will remain range-bound between $77 and $90 without direction,” he noted. The SOL/BTC chart shows higher highs, indicating good structure, while the SOL/USDT pair shows lower highs, signaling weakness.
A clean retest of the broken range on the BTC pair is needed to confirm a breakout. If that structure holds, the Point of Control near $85 becomes a target for the USDT pair.
Data from SoSoValue shows Solana ETF inflows rose to $43.13 million last week. This occurred while Bitcoin and Ethereum ETFs experienced outflows, bringing cumulative SOL ETF inflows this year past $900 million.
Trading volume has decreased 5.77% to $12.2 billion, according to CoinGlass data. Open interest also fell 3.73% to $4.88 billion, with a slightly positive funding rate of 0.0041%.
The Relative Strength Index reads a neutral 43.10, showing no extreme momentum. The Moving Average Convergence Divergence histogram is at 1.64, indicating weakening bearish pressure without a bullish crossover.
