Solana is exhibiting its first significant signs of a rebound as it retests a major downtrend that has suppressed its price since late October. If current momentum persists, analysts suggest that SOL could ascend into the $170+ recovery zone, representing a potential 25% increase from its current trading levels. As of this writing, Solana is trading around $137.
SOL Retests Trendline as Recovery Pattern Emerges
On the 2-hour chart, Solana has been charting a distinct downward trajectory, consistently forming lower highs and lower lows throughout November. Following a mid-November low, the price began an upward movement towards the descending trendline.
This current test of the trendline differs from previous attempts:
- •SOL is currently printing higher lows.
- •Upward momentum appears steady.
- •The price is holding securely above recent support levels.
Analyst Captain Faibik has identified Solana's recovery zone positioned just above $170. His analysis indicates a potential clean move from the $135 area into this zone, which would equate to approximately a 25% rally if the current technical structure is maintained. The market continues to trade above its recovery base, with each price swing demonstrating clear technical rhythm.
Another analyst, Daan Crypto Trades, highlights that Solana is currently situated on high-timeframe support. He further commented:
“If it can get back above $145, the next target is $155.”
His chart illustrates a robust support zone around the $130 mark, where buyers have previously intervened. Visible range data also points to significant market activity occurring between $140 and $165, suggesting that SOL is entering a price range that has historically attracted considerable attention.
ETF Inflows Bolster the Bullish Outlook
The landscape of Solana-related Exchange Traded Funds (ETFs) is also contributing to the price support. Spot Solana ETFs experienced inflows totaling $58 million on November 24, marking the 20th consecutive day of gains. This streak represents the longest sustained period of inflows for any major cryptocurrency ETF in 2025. According to data from SoSoValue, total inflows have now reached $568 million since the ETFs were introduced in late October.
Bitwise was a significant contributor to the recent push, adding $39.5 million to its holdings. Concurrently, Franklin Templeton has expanded its crypto index fund to incorporate Solana. An official filing with the SEC has confirmed this update, which is scheduled to take effect on December 1, 2025.
This positive trend continued on November 25, with an additional $53.08 million in ETF inflows recorded.
Outlook: A Potential 25% Recovery Remains Viable
Solana continues to trade above its key support levels as it progresses toward the $155 resistance area, which analysts identify as the next significant obstacle. Supported by strong ETF inflows, a constructive technical structure, and improving market sentiment, the conditions for a move towards $170 and potentially higher remain in place.