Key Highlights
- ETF products tracking Solana attracted $8.8 million in net capital, marking the strongest performance in three months
- SOL declined 1.16% to reach $74.88 on Tuesday following a week-long upward trend
- Critical resistance zones are positioned at $77, $90, and $100, while support holds at $74
- MoneyGram integrated Solana into its Ramps platform, enabling cash-to-digital asset conversions in over 170 nations
- Market observer Bluntz identifies a weekly bullish divergence pattern on SOL, hinting at a possible price floor
Solana (SOL) experienced a 1.16% decline on Tuesday, settling at $74.88 and relinquishing a portion of the previous week’s advances. The cryptocurrency sector overall faced headwinds, with aggregate market capitalization retreating 0.6% to $2.17 trillion.
While prices softened, investment vehicles focused on Solana registered net capital inflows totaling $8.8 million—the most substantial figure recorded since May 12, based on Santiment analytics. These inflows materialized when SOL traded near $76.44, signaling a resurgence of institutional appetite despite prevailing market volatility.
ETF capital movements have displayed variability, with certain trading sessions witnessing modest outflows in recent weeks. However, Tuesday’s inflow figure represents the most robust three-month performance, surpassing all activity observed during June, July, and the opening weeks of August.
MoneyGram Integrates Solana for Cash-Based Conversions
MoneyGram revealed on August 11 that its Ramps platform now supports the Solana blockchain. Previously exclusive to Stellar, the service enables Solana-based wallets, trading platforms, and application developers to facilitate bidirectional conversions between physical currency and digital assets.
Rift wallet became the inaugural Solana application to implement MoneyGram Ramps functionality. MoneyGram maintains relationships with more than 60 million users through approximately 500,000 physical retail outlets spanning over 170 nations worldwide.
The Ramps infrastructure enables physical currency deposits across more than 25 territories and cash withdrawals in excess of 170 countries and regions. Development teams can leverage this capability via the Solana Developer Platform’s integrated payments module, eliminating the necessity to construct proprietary financial infrastructure.
MoneyGram previously joined the Solana validator network in June, committing SOL tokens as stake and participating in transaction validation activities.
Chart Analysis and Market Outlook
Examining the four-hour timeframe, SOL momentarily advanced to $77.40 before encountering resistance that drove prices back toward the $75 threshold. The MACD indicator currently registers 0.19, trailing the signal line positioned at 0.46, while the histogram displays -0.27, reflecting near-term downward momentum.
The Relative Strength Index has retreated to 44.46, falling beneath the 50 midpoint marker, suggesting weakening buyer participation. SOL must maintain the $74 floor to prevent further downside toward $73 or $72 levels.
Trading analyst Bluntz (@Bluntz_Capital) highlighted on X that SOL demonstrates “strong price action” and identified a weekly bullish divergence formation that could signal a bottoming pattern. He characterized the present environment as an accumulation stage.
A sustained climb above $75 would represent the initial indication of revived buying momentum, with $76 and $77 serving as subsequent resistance barriers. Breaking through $90 could establish a trajectory toward the $100 milestone.
SOL was last trading at $78.33.
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