Solana holds $100 support as ETF inflows and network activity strengthen outlook

Solana (SOL) edged lower on Tuesday after beginning the week with a 3% gain, extending its consolidation around the psychologically important $100 level. Institutional demand remains strong, with Solana exchange-traded funds attracting $11.01 million in inflows on Monday. Meanwhile, rising transaction activity, network revenue, and real economic value suggest that the blockchain's underlying fundamentals are improving. SOL's technical outlook remains neutral to moderately bullish as traders await a breakout from a symmetrical triangle pattern. Transaction V1 upgrade expands Solana's capabilities Solana's recently activated SIMD-0385 upgrade introduced the Transaction V1 format, raising the maximum transaction size to 4,096 bytes. The expanded format gives developers more room to include instructions, signatures and other data within a single transaction.