Solana Has Bottomed for a While?

Solana Has Bottomed for a While?

Elsewhere, a post by analyst Ted on X suggests that Solana might have reached a short-term bottom, pointing to the rebound in Solana-treasury stocks. His post highlights $527.9 million in inflows to the Bitwise Solana ETF since November 10.

Accompanying charts depict recent upticks in stocks of Solana-linked treasury firms like Sol Strategies Inc. and SharpLink Technology, indicating correlated recovery in traditional finance exposure to the ecosystem.

According to the analyst, it seems Solana has bottomed. However, he cautions that this bottom may not hold without accelerated institutional buying. He also warned that if institutional buying does not accelerate, it may not take long for Solana to print new lows.