Solana (SOL) rebounded above the $70 threshold, climbing roughly 2 % in the last 24 hours, while daily trading volume surged more than 20 % to approximately $2.20 billion.
Price Surge and Trading Volume
The rally kicked off late last week after a TD Sequential buy signal, propelling SOL from $68 to $74 – an 8 % jump. Investors responded to the momentum, driving the market‑wide recovery that lifted SOL’s price past $70. Despite the gain, the coin now confronts a significant resistance level near $75.
Technical Outlook
On the 4‑hour chart, the TD Sequential indicator flashed a sell signal as SOL tested the resistance trendline anchored by the 200‑day SMA. This confluence of supply suggests a short‑term pullback could target $72 or dip lower. Traders watch the resistance at $75 closely, as it may cap further upside for the blockchain asset.
ETF Inflows and Investor Sentiment
Solana’s spot ETF recorded net inflows exceeding $7.11 million this week, reversing a previous outflow of $2.54 million and aligning with the price surge. The influx of capital indicates growing confidence among crypto investors, positioning SOL ahead of Ethereum in terms of recent strength. Continued ETF activity and robust network usage reinforce Solana’s bullish near‑term structure.