Despite the frustrating Bitcoin price and challenging Fed conditions, institutional investors have increased their holdings of Solana (SOL) Coin. According to the latest CoinShares report, SOL Coin saw a significant weekly inflow, with institutional investors purchasing $6 million worth of SOL Coin ETP last week.

This increased the net flow from $11 million to around $17 million, making SOL Coin the highest weekly inflow.The SOL Coin price has been fluctuating between $126 and $156 for the past month, with three attempts to surpass the peak point.

If the expected jump occurs after testing the 50 level, we might see a new rally supported by the increase in institutional demand.In a positive scenario, SOL Coin could turn $160 into support and extend its move towards the peak points beyond $169. However, if the attempt fails or tomorrow's inflation data is bad and triggers sales, a drop to $126 is likely.

The Relative Strength Index (RSI) is also above the neutral zone, indicating a promising rebound. With institutional interest on the rise, SOL Coin is poised for a potential breakout. As the market continues to evolve, it's essential for investors to conduct thorough research and stay informed about the latest developments.