Solana price retests $131 as bulls step in: Short-term rally ahead?

Numerai, a San Francisco-based hedge fund, has successfully raised $30 million in Series C funding. The company, which operates with a unique approach blending finance and technology, aims to redefine the hedge fund industry.

Solana's newly launched ETFs have seen significant inflows, but the overall market structure is weakening, raising concerns about a potential price correction for SOL to $120.

Solana has experienced a significant inflow of $55 million, coinciding with a positive shift in Bitcoin ETFs, which have broken a losing streak. This surge in investment reflects growing confidence in Solana amidst a challenging cryptocurrency market, where Bitcoin and Ether have faced substantial outflows. The recent developments indicate a potential shift in investor sentiment towards alternative cryptocurrencies.

WLFI price is forming a bullish Three Drives pattern at the $0.12 support zone, with rising volume signaling a potential reversal toward higher resistance levels.

The Solana memecoin BONK has remained within a broad consolidation range, with increased trading volume indicating both a rejection of resistance and a subsequent recovery. This activity suggests a potential stabilization in its market performance.

Spot SOL exchange-traded funds (ETFs) have continued their inflow streak since launching on October 28, marking the second-largest inflows for November. In contrast, Bitcoin and Ether ETFs have faced significant outflows, totaling hundreds of millions of dollars during the same period.

BlackRock's initiative to launch a staked Ethereum ETF signifies a pivotal moment in the cryptocurrency landscape, introducing yield-bearing crypto ETFs that combine price exposure with on-chain staking rewards. This move follows the success of its flagship Ethereum ETF, $ETHA, and reflects a growing interest among major asset managers in deeper crypto infrastructure. Additionally, Bitcoin Hyper aims to address Bitcoin's scalability challenges through a Layer-2 solution, enhancing its utility in decentralized finance.

XRP price is currently testing the $2 support zone as a pennant-style fractal begins to form, indicating a potential bullish setup if buyers continue to defend this high-time-frame support level.