Solana Eyes $83 Breakout Target After Cathie Wood Expands ETF Bet

Solana (SOL) traded near $76 on Aug. 18 after Cathie Wood's ARK Invest bought 7,115 shares of the 3iQ Solana Staking ETF on Aug. 17, split between ARKW (3,830 shares) and ARKF (3,285 shares). SOL rose about 0.98% to $76 as trading volume increased 25% to roughly $1.38 billion, with an $83 target remaining conditional on a close above the $76 resistance. However, Solana DeFi TVL fell to $4.85 billion and Solana ETFs saw no new inflows since Aug. 12, despite recording $10.26 million in net inflows during the Aug. 10-14 week.