Key Takeaways:
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Solana’s rebound from its weekly support at $130 signals a potential price recovery to $250.
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An increase in open interest and spot demand indicates a return of buyers to the market.
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Institutional demand for SOL is increasing with $390 million in cumulative ETF inflows, driven by investor excitement for the launch of the Solana ETF.
Solana (Sol) The weekly chart suggests that SOL Price may have formed a bottom near $130, a setup that will help SOL Price recover towards $250 in the weeks ahead.
Sol’s market structure indicates a return to $250
Sol’s price action since November 11 has led to the appearance of a V-shaped recovery pattern on the four-hour chart. It follows a sharp fall saw SOL price fall 25% from a high of $173.
Bulls bought the DIP following this drop, resulting in a sharp recovery to current levels. The relative strength index (RSI) rose to 50 from 28 since November 13, indicating increasing upward momentum.
Related: ‘Very wide gap’ between interest in XRP and Solana Investor: Exec
As the price tries to complete the V-shaped pattern, it may rise further towards the neckline of the pattern, located around the $170 supply zone, which represents a 22% climb from the current price.
Zooming out, the weekly chart shows strong support for the SOL/USD pair at $130, as shown below.
Previous rebounds from this level triggered massive price rallies: a 108% increase to $265 from $127 between September 2024 and November 2024, and a 98% rally to $250 from $130 between June 2025 and September 2025.
If the same scenario plays out, Sol could extend today’s recovery to $250, which represents an 80% increase from current levels.
It is important to note that the RSI Oversold conditions have recently been reached on lower time frames, levels that preceded significant price reversals.
Count Cointelegraph reportedSOL Price may rise towards the $180-$200 range if the 20-day EMA at $160 is reclaimed to support.
Spot and futures buyers are back
Coinglass The data is displayed Futures of Solana Open interest (OI) rose 5% in the last 24 hours to $7.3 billion. Similarly, perpetual funding rates (eight hours) turned positive at 0.0059% from -0.0001% in tandem with the jump in OI.
The increase in OI and the increase in funding rates signaled the return of demand in the Sol futures market, setting the stage for a sharp return (short squeeze) if the longs are filled and a catalyst emerges.
Meanwhile, the net taker volume has flipped positive, indicating that more buyers are walking to lower levels. Spot CVD is rising, highlighting that the recovery is both spot-driven and futures-driven, which is often taken as a healthy setup.
Investors are increasing exposure to Solana ETFs
Spot Solana Exchange-Traded Funds (ETF) Continue to attract investor interest.
US-based SOL ETFs added $8.26 million on Monday, bringing cumulative inflows to $390 million and total net assets to more than $513 million, per sosovalue data.
Vaneck’s Solana ETF launched on Mondayand many more ETFs are expected to live next week, adding to Sol’s tails.
Additional data from Nansen out Boosting network metrics, including an 18% increase in daily active addresses and a 9.1% increase in daily transactions over the last 30 days.
Count Cointelegraph reportedSolana’s strong Onchain metrics and Dapps Revenue Dominance Hint at long-term strength, supporting Sol’s upside.
This article is for general informational purposes and is not intended to be and should not be construed as legal or investment advice. The views, thoughts, and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
