Amidst the volatile crypto market, Solana (SOL) has caught the attention of institutional investors, drawing significant investments. Recent data from CoinShares shows that Solana secured $5.7 million in inflows just last week, marking it as a preferred choice among institutions. Notably, this inflow stands close to Ethereum’s $9.5 million, underscoring Solana’s growing reputation as a leading blockchain network. This institutional support is likely to bolster Solana’s long-term growth potential, further strengthening its position in the market.
<h3>Surging Network Activity Points to Institutional Confidence</h3>
[embed]https://twitter.com/glassnode/status/1853495363417628990[/embed]

Solana recently saw an unprecedented level of network activity, with $224 billion worth of assets transferred on its network in a single day—nearly triple its market cap of $76 billion. This surge demonstrates rising confidence in Solana’s scalability and efficiency, particularly among institutional players who see value in its performance and potential for future growth.
<h2>Price Outlook for Solana: Key Levels in Focus</h2>
Currently, Solana is trading around $161.24 after an 11% dip over the past week. The $165 resistance level remains crucial for SOL, as converting this level into support could pave the way for a target of $185 or beyond. Should institutional buying momentum continue, Solana could see further upward movement, potentially reaching around $175.

However, if SOL fails to maintain support above $165, it may revisit the $155 mark, which could raise the risk of a deeper correction toward $140. Institutional support, however, offers a promising buffer, making it an exciting time for investors watching Solana’s trajectory.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Solana Gains Institutional Support, Eyes Key Resistance Levels

Solana attracts $5.7M in institutional investments, strengthening its growth potential as SOL approaches critical price resistance levels.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Solana Gains Institutional Support, Eyes Key Resistance Levels

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