Solana (SOL) is trading near $87 as institutional interest in Solana ETFs continues to grow.
Bloomberg Intelligence analyst James Seyffart said around 30 institutions now hold about $540 million in Solana ETFs. Leading investors include Electric Capital Partners with $137.8 million and Goldman Sachs with $107.4 million.
Other notable buyers include Elequin Capital, SIG Holding, Multicoin Capital, Morgan Stanley, and VanEck Associates.
SOL has been consolidating in the $80–$90 range after a sharp fall from above $130 earlier this year. Technical indicators show selling pressure easing.
Analysts say a break above $90–$95 could push SOL toward $100–$105. Support levels are at $80–$82, with a secondary floor near $75–$76.
Institutional ETF inflows coincide with stronger trading volumes and renewed activity on the Solana network.
The 50-day moving average sits near $94, which analysts view as key resistance. A clear move above this level may confirm a short-term bullish trend.
If the $80 support breaks, SOL could fall back toward the mid-$70s. Investors are watching carefully as demand from institutions grows.
