SOLANA’S 740% BUYING SURGE: CAN THE MORGAN STANLEY ETF FILING IGNITE A RALLY TO $178?

As 2026 kicks into high gear, Solana (SOL) is defying the broader market’s volatility with a surge in institutional conviction. Following a surprise ETF filing by Morgan Stanley on January 6th, on-chain data reveals a staggering 740% increase in net buying pressure from long-term holders. While short-term speculators have been offloading their positions, “strong hands” have absorbed nearly 1.6 million SOL in less than two weeks. This massive rotation of supply is occurring just as Solana forms a classic bullish technical pattern, suggesting that the current minor pullback is merely a healthy consolidation before a potential 24% breakout toward $178. I. The Morgan Stanley Catalyst: ETF Buzz Meets Technical Precision The news of Morgan Stanley’s Solana ETF filing has provided a fundamental spark to an already constructive technical chart. SOL is currently in the final stages of forming an “Inverse Head and Shoulders” pattern a reliable indicator of a major trend reversal. With the left shoulder and head already established, the recent 2% daily dip is being viewed by analysts as the formation of the “right shoulder.” As long as the price remains above the critical $121–$133 support zone, the structure remains firmly bullish, waiting for a catalyst to push it past the decisive $143 neckline. II. The 740% Inflow: Whales Are Outmuscling Speculators The most compelling evidence for Solana’s resilience lies in the Holder Net Position data. Since December 24, buying pressure has skyrocketed from 189,000 SOL to a massive 1.59 million SOL by January 7. This 740% surge in net buying peaking the day after the ETF news broke confirms that institutional and long-term investors are aggressively accumulating. This “smart money” absorption is effectively neutralizing the sell pressure from short-term traders, who have reduced their share of the supply by 35% over the same period. III. Capital Flow Strength: Chaikin Money Flow (CMF) Stays Green Supporting the narrative of institutional accumulation is the Chaikin Money Flow (CMF), which has trended higher since early November. Unlike many other large-cap assets that saw capital flight during the recent market turbulence, Solana’s CMF has remained consistently above the zero line. This technical signal indicates that net large inflows are continuing to power the ecosystem, even when the price appears to be moving sideways or slightly lower. This divergence between steady capital inflow and minor price dips often precedes an explosive upward move. IV. Essential Financial Disclaimer This analysis is for informational and educational purposes only and does not constitute financial, investment, or legal advice. Technical formations like “Inverse Head and Shoulders” and metrics such as CMF are probabilistic tools and do not guarantee future price action. The Morgan Stanley ETF filing is a regulatory process that may take months or years to resolve and does not guarantee approval. Solana remains a high-volatility digital asset; always conduct your own exhaustive research (DYOR) and consult with a licensed financial professional before making any significant investment decisions in the cryptocurrency market.

Are you joining the 740% buying surge, or are you waiting for a $143 breakout confirmation?