Solana holds $144 support as ETF approval odds rise to 76%, showing resilience amid uncertainty.
$135M in weekly inflows and $63M in staking signal strong institutional interest in SOL.
Analysts eye the $137 liquidity zone as a potential retest point if geopolitical pressure increases.
Solana continues to show strength within a defined range, despite pressure from broader market conditions and delayed ETF approvals. While many digital assets struggle, Solana has maintained key support levels and attracted large inflows. Current price action around $146.38 reflects stability amid market volatility and ongoing developments.
ETF Anticipation Grows as Price Holds Above Key Support
According to an observation by SolanaFloor on X, the odds of a Solana ETF approval by July 31 have increased to 76% on Polymarket, up from 63% just 24 hours earlier. The rise in prediction markets reflects growing investor confidence, though no official statement has yet been made by the SEC.
Over five asset managers, including Grayscale and Fidelity, have submitted S-1 filings, but the SEC has not responded publicly. Meanwhile, Solana has not seen immediate price gains from the ETF speculation. It is trading at $146.38, down slightly from recent highs. However, it continues to hold support above the $144 level.
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According to analysis prepared by Crypto Virtuos, this zone has been tested repeatedly and remains firm, suggesting that buyers are defending this level effectively. The ETF developments and inflows come amid a broader pause in market momentum, yet SOL's structure remains intact. Traders are also watching geopolitical shifts, with concerns that war developments could bring a retest of liquidity around $137.
Technical Structure Supports Accumulation Outlook
Solana recently recorded over $135 million in weekly cross-chain inflows, according to SolanaFloor, with $70 million coming from Ethereum alone. This activity suggests ongoing accumulation and renewed interest in Solana's network.
Additionally, Galaxy Digital has staked over $63 million in SOL, which reinforces long-term confidence in the asset. Chart structures also suggest continued resilience. According to a technical review by CryptosBatman, SOL is positioned inside a falling wedge, a setup known to precede bullish breakouts.
The Fibonacci retracement zone between $128 and $140 is offering support, as noted in the latest reports, while momentum indicators like RSI are recovering. Dips remain attractive for long-term positioning, as support zones remain unbroken.
The post Solana Holds $144 Support as ETF Odds Surge to 76%, but Analysts Watch $137 Liquidity Retest appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
