Key Takeaways
- •Solana's rebound from its weekly support at $130 signals a potential price recovery toward $250.
- •An increase in open interest and spot demand indicates the return of buyers into the market.
- •Institutional demand for SOL is rising, with $390 million in cumulative ETF inflows, driven by investor excitement for future Solana ETF launches.
SOL's Market Structure Hints at a Return to $250
Solana (SOL) weekly chart analysis suggests that SOL price may have formed a bottom near $130. This setup could potentially lead to a price recovery towards $250 in the coming weeks. SOL's price action since November 11 has resulted in a V-shaped recovery pattern on the four-hour chart. This follows a sharp drop where SOL price fell 25% from a high of $173. Bulls actively bought the dip after this decline, leading to a significant recovery to current levels. The relative strength index (RSI) has increased to 50 from 28 since November 13, indicating growing upward momentum.
As the price attempts to complete the V-shaped pattern, it could potentially rise further toward the pattern’s neckline, which is located around the $170 supply zone. This represents a 22% increase from the current price.
Observing the weekly chart reveals strong support for the SOL/USD pair at the $130 level. Previous rebounds from this price point have historically triggered substantial price rallies. These include 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 a similar scenario unfolds, SOL could extend its current recovery to $250, which would represent an 80% increase from current levels.
It is important to note that the RSI recently reached oversold conditions on lower time frames. These levels have historically preceded significant price reversals. As previously reported, SOL price might rise toward the $180-$200 range if the 20-day exponential moving average (EMA) at $160 is reclaimed as support.
Spot and Futures Buyers Are Back
Data from CoinGlass indicates that Solana's futures open interest (OI) has increased by 5% over the past 24 hours, reaching $7.3 billion. Concurrently, perpetual funding rates (eight-hour) have turned positive, moving to 0.0059% from -0.0001%, aligning with the jump in OI. An increasing OI coupled with rising funding rates signals the return of demand in SOL's futures market. This sets the stage for a potential sharp reversal, such as a short squeeze, if long positions become overcrowded and a catalyst emerges.
Meanwhile, net taker volume has flipped positive, suggesting that more buyers are entering the market at lower price levels. The spot cumulative volume-price (CVD) is also rising, highlighting that the recovery is being driven by both spot and futures activity, which is often considered a healthy market setup.
Investors Increase Exposure to Solana ETFs
Spot Solana exchange-traded funds (ETFs) have continued to attract investor interest, marking their 15th consecutive day of inflows. This trend underscores the growing institutional demand for the network's native asset. US-based SOL ETFs added $8.26 million on Monday, bringing cumulative inflows to $390 million and total net assets to over $513 million, according to SoSoValue data.
VanEck’s Solana ETF launched on Monday, and many more ETFs are expected to become available over the next week, providing additional positive momentum for SOL. Further data from Nansen shows strengthening network metrics, including an 18% increase in daily active addresses and a 9.1% rise in daily transactions over the past 30 days.
As previously reported, Solana’s robust on-chain metrics and its dominance in decentralized application (DApp) revenue suggest long-term strength, supporting SOL's potential upside.