Solana Sees 740% Surge in Buying Pressure Amid ETF Buzz — What’s Next for the Price?

Solana value is pulling again, however the construction stays bullish. The 2% day-on-day dip comes as a brand new Solana-focused ETF was filed, placing SOL again in focus in a comparatively risky crypto market. Despite a light every day decline, Solana remains to be up over 8% on the week, holding up higher than most large-cap friends.

Beneath the floor, positioning is shifting in ways in which assist stability fairly than weak spot.

Morgan Stanley ETF Filing Arrives as Solana Tests a Key Structure

The recent Solana ETF filing by Morgan Stanley on January 6, 2026, provides a contemporary narrative layer to an already energetic chart setup. Even although the value has not reacted sharply, Solana is consolidating close to a significant bullish sample as institutional consideration will increase.

On the every day chart, Solana continues to type an inverse head and shoulders construction. This sample usually indicators a possible transfer greater as soon as confirmed.

The left shoulder shaped in late November. The head surfaced in mid-December. The proper shoulder is now creating as value pulls again from current highs.

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Even if Solana dips another 8% to 10%, the value would nonetheless stay inside the left-shoulder zone. For now, $121 looks like a very good assist zone for a bounce, as that is the degree the place the left shoulder shaped.

A clear break above the neckline would open a measured 24% upside from the breakout degree. Therefore, the bullish construction stays intact.

Capital Flow Stays Positive as Speculative Supply Exits

Capital stream information helps the concept that this pullback is managed. Chaikin Money Flow, which tracks whether or not capital is getting into or leaving an asset, has trended greater since early November.

Even during times when the Solana value moved decrease, CMF continued rising. Most importantly, CMF stays above the zero line, signaling internet massive inflows. During the newest dip, CMF didn’t roll over, displaying capital has stayed engaged.

At the identical time, speculative provide is clearly leaving, as seen utilizing the HODL Waves metric, which segregates cohorts primarily based on the length of Solana holdings. Wallets holding Solana for someday to 1 week lowered their share of provide from about 6.0% to three.9% between December 24 and January 7. That is a 35% discount, whilst Solana gained practically 8% over the identical interval.

Another short-term group, the one-month to three-month holders, additionally trimmed publicity. Their share fell from 21.57% to 19.95%, a drop of roughly 7.5%.

This issues as a result of speculative promoting normally pressures the value. This time, value has remained steady, displaying that promote strain is being absorbed.

Buying Pressure Jumps 740% as Strong Hands Absorb Supply

That absorption is obvious in the holder internet place information, which tracks the place of long-term buyers. Since December 24, shopping for strain has elevated sharply.

Net place change rose from roughly 189,000 SOL to about 1.59 million SOL by January 7. That represents a 740% enhance in internet shopping for strain in below two weeks. January 7 noticed the largest influx, the day after the ETF product was made public.

This surge explains why Solana has avoided a deeper pullback regardless of seen profit-taking from short-term merchants. It additionally traces up with the regular rise in CMF, confirming that capital is flowing in, not out.

From right here, value ranges outline the subsequent section. Solana wants to carry above $133 to maintain the construction steady. Pullbacks towards $130 nonetheless match the right-shoulder formation. Even a transfer towards $121 wouldn’t invalidate the sample.

For upside affirmation, Solana should reclaim $143. A every day shut above that degree would affirm the breakout and activate the path towards $178.

With speculative provide declining, shopping for strain surging, and capital stream staying constructive, Solana’s pullback continues to look wholesome. The subsequent transfer depends upon whether or not the SOL value can convert that positioning right into a neckline break.

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