Solana Sees 740% Surge in Buying Pressure Amid ETF Buzz — What’s Next for the Price?

Solana's price is currently pulling back slightly, but the underlying structure remains bullish, supported by increased institutional interest following a Morgan Stanley ETF filing on January 6, 2026. Technically, Solana is forming an inverse head and shoulders pattern, with $121 serving as a key support level for the developing right shoulder. Capital flow indicators like Chaikin Money Flow (CMF) remain positive, signaling net inflows despite the price dip. Concurrently, speculative supply held by short-term holders (1 day to 3 months) is decreasing, indicating profit-taking is being absorbed by stronger hands. This absorption is evidenced by a massive 740% surge in net buying pressure between December 24 and January 7. For the bullish structure to be confirmed, Solana needs to break and close above $143, potentially targeting $178; otherwise, support around $133 and $130 should hold the pattern intact.

(Source：BeInCrypto)