Key Insights:
- Solana surged 13% in 24 hours, breaking above $89 as Bitcoin recovery and ETF inflows strengthened overall crypto market sentiment.
- Bitcoin gained over 3% and reclaimed $67,000, while $258 million in spot ETF inflows signaled renewed institutional demand.
- Technical indicators show strong bullish momentum for Solana, with RSI near 73 and resistance levels lining up at $90, $95, and $100.
Solana price climbed 13% in the past 24 hours, pushing above $89 as renewed demand swept across digital assets. The sharp move followed a broader rebound led by Bitcoin, which regained key technical levels and improved market sentiment. Consequently, traders shifted capital back into high-beta altcoins, accelerating Solana’s advance.
The wider cryptocurrency market rose 6% to a total valuation of $2.38 trillion. Besides price gains, easing macroeconomic concerns and constructive signals from U.S. regulators supported risk appetite. Major tokens such as Dogecoin, XRP, and Ethereum also posted strong intraday increases.
Bitcoin Reclaims Ground as ETF Inflows Return
Bitcoin advanced more than 3% and climbed back above $67,000 after weeks of pressure that dragged prices near $60,000. The move strengthened short-term bullish positioning and revived expectations that the asset could retest $72,000. Hence, altcoins reacted quickly as capital rotated back into the market.
Institutional flows reinforced that shift in tone. U.S.-listed spot Bitcoin exchange traded funds recorded $258 million in net inflows on February 24. Fidelity Investments led the session as its FBTC fund attracted $82.8 million, signaling steady institutional engagement.
Solana Technical Structure Shows Strength
At the time of reporting, Solana traded at $88.56 after reaching a session high of $89.19. The four-hour chart showed price moving within an upward channel following a rebound from the $78 support zone. Buyers defended the $80 area firmly, stabilizing the short-term structure.
Immediate resistance stands near $90, while additional barriers appear at $95 and the psychological $100 level. A sustained break above $90 would strengthen the case for continued upside in the coming sessions. Moreover, momentum indicators support the constructive outlook.
The MACD printed a bullish crossover with a positive histogram near 1.20, reflecting rising buying pressure. The RSI climbed to 72.84, signaling strong demand while approaching overbought territory.
Macro Events and Safe Havens in Focus
Market participants now monitor upcoming U.S. data releases, including earnings updates, jobless claims, and January Producer Price Index figures. Additionally, Federal Reserve officials are scheduled to deliver multiple speeches this week. Gold trades near 5,200 while silver holds above $90, underscoring persistent demand for alternative assets alongside digital tokens.
