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Solana holds above $120 as institutional support stays firm, whale demand builds
Solana (SOL) trades above $125 at press time on Monday, extending Friday's 5% rise after a muted weekend. The high-speed blockchain is seeing steady inflows from Exchange Traded Funds (ETFs) for the eighth consecutive week, while large wallet investors, commonly referred to as whales, are placing large orders in the spot market. Meanwhile, derivatives market data indicate that leverage-driven demand is cooling. The technical outlook for Solana remains optimistic as the 200-week Exponential Moving Average (EMA) remains intact. The institutional demand for Solana remains steady amid the recent surge in volatility in ... (full story)
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