The $100 roadblock – Why Solana’s ETF inflows couldn’t shatter the range highs
The post The $100 roadblock – Why Solana’s ETF inflows couldn’t shatter the range highs appeared on BitcoinEthereumNews.com. A recent AMBCrypto report found that Solana [SOL] had rallied 10x what Bitcoin [BTC] had rallied at one point in May. The reason behind this outperformance was a combination of growing institutional support for SOL and strong spot ETF inflows. As a result, the SOL/BTC hike measured 9%, indicating a greater risk appetite among Solana buyers. And yet, despite the good performance, the altcoin has faced losses over the past three days. Tokenized stock activity and ETF inflows were not enough to drive the prices higher. SOL faced rejection from just below the psychological $100-resistance on Monday, 11 May. Hence, the question – Is this a temporary roadblock, or have the bulls pushed SOL as far as it would go? The range formation and cautious Solana outlook Source: SOL/USDT on TradingView In March, Solana broke the $94 local high but stopped short of the $100-mark, f