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Solana ETFs see inflows and dormant wallets surge, hinting at a potential breakout to $120-$130.

Market News
23 Jul 2026
AMBCrypto
View Source
Bullish
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Solana (SOL) is showing signs of a bullish structure with increased daily volume and ETF inflows, particularly in the Bitwise Solana Staking ETF, which saw $5.83 million in purchases. Dormant wallets returning to Solana decentralized exchanges surged by 400%, indicating renewed market interest. SOL is consolidating between $75 and $97, with a key resistance level at $97.89; a breakout above this could push the price toward $120-$130. The current RSI supports buying pressure, but SOL remains bearish unless it closes above $97.89.

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