Solana price held above $99 after a mild market correction interrupted its recent rally. SOL declined 2.95% to $99.35 over 24 hours, underperforming the broader cryptocurrency market. However, the token remains 35% higher over two weeks.
Eleven consecutive days of ETF inflows continue supporting expectations for further near-term price gains. Bitcoin price is still holding above $77k, eyeing recovery ahead of September 15-17th Fed Meeting.
US Solana ETFs Record 11 Straight Days of Net Inflows
Solana spot exchange-traded funds have seen eleven consecutive sessions of $10.19 million daily inflows on September 1.
The total net inflows amounted to 1.35 billion and combined assets amounted to 1.39 billion. The trading volume in the products amounted to $68.55 million session.
🚨JUST IN: @Solana U.S. spot ETFs have now logged net inflows for 11 straight trading days, adding another $10.9M yesterday. pic.twitter.com/X8m6ZXkeeh
— SolanaFloor (@SolanaFloor) September 2, 2026
Bitwise was the top daily demand with 6.17 million and Fidelity with 2.67 million. Morgan Stanley received an extra capital of $1.36 million, and other listed funds showed no new capital.
Bitwise was the biggest product with assets of $949.83 million and lifetime inflows of $1.03 billion. The persistent streak indicators implied institutional enthusiasm even as the prices of the ETFs in general were generally weaker.
Solana Derivatives Volume Jumps 23% as Trading Activity Accelerates
The trading of Solana derivatives gained momentum as the volume increased by 22% to reach a new level of 9.43 billion, indicating that more traders are participating in the market.
The open interest decreased 1.40% to $6.47 billion, indicating that some traders were unwinding leveraged positions even though the turnover had increased.
The volume of options increased 19.30% to $15.18 million, indicating increased demand of contracts associated with the Solana price.
In the meantime, the options open interest increased by 2% to the current level of $135.98 million, which indicates the slight improvement of the outstanding positions of derivatives traders.
Is Solana Price Preparing for a Breakout Toward the $120 Target?
At the time of writing, the SOL price hovered at $99.48 after falling 0.52% on the daily timeframe.
Solana price fluctuated between $97.38 and $100.71, indicating the fluctuations around the psychological mark of $100
The Solana price is however above the vital $95 support, maintaining the bigger recovery framework. The Relative Strength Index is 62.15 after moving out of overbought.
In the meantime, Chaikin Money Flow stands at 0.25 which indicates that capital inflows continue to favor SOL.
A daily close above $100 would open the way back to the big $110 resistance.
A stronger volume than breaking of $110 may reveal the next bullish price of $120 as per the detailed SOL price analysis.
On the other hand, the decline of the Solana price to $90 due to the loss of $95 will expose the price to a new demand.
A prolonged decline of less than $90 would undermine the bullish arrangement and re-introduce the focus to $80.
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