Key takeaways:
Solana's rebound from its weekly support at $130 signals a potential price recovery to $250.
An increase in open interest and spot demand signals the return of buyers into the market.
Institutional demand for SOL rises with $390 million in cumulative ETF inflows, driven by investors’ excitement for future Solana ETF launches.
Solana (SOL) weekly chart suggests that SOL price may have formed a bottom near $130, a setup that could help SOL price recover toward $250 in the weeks ahead.
SOL’s market structure hints at a return to $250
SOL’s price action since Nov. 11 has led to the appearance of a V-shaped recovery pattern on the four-hour chart. This follows a sharp drop that saw SOL price fall 25% from a high of $173.
Bulls bought the dip following this drop, resulting in a sharp recovery to the current levels. The relative strength index (RSI) has increased to 50 from 28 since Nov. 13, indicating increasing upward momentum.
Related: ‘Very wide gap’ between XRP and Solana investor interest: Exec
As the price attempts to complete the V-shaped pattern, it could rise further toward the pattern’s neckline, located around the $170 supply zone, representing a 22% climb from the current price.
Zooming out, the weekly chart reveals strong support for the SOL/USD pair at $130, as shown below.
Previous rebounds from this level have 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, representing an 80% increase from the current levels.
It is important to note that the RSI recently reached oversold conditions in lower time frames, levels that have historically preceded significant price reversals.
As Cointelegraph reported, SOL price may rise toward the $180-$200 range if the 20-day EMA at $160 is reclaimed at support.
Spot and futures buyers are back
CoinGlass data shows Solana’s futures open interest (OI) has increased by 5% over the last 24 hours to $7.3 billion. Similarly, perpetual funding rates (eight-hour) turned positive to 0.0059% from -0.0001% in tandem with the jump in OI.
Increasing OI and rising funding rates signal the return of demand in SOL’s futures market, setting the stage for a sharp reversal (short squeeze) if longs are overcrowded and a catalyst emerges.
Meanwhile, net taker volume has flipped positive, indicating that more buyers are stepping in at lower levels. Spot CVD is rising, highlighting that the recovery is both spot-driven and futures-driven, often taken as a healthy setup.
Investors increase exposure to Solana ETFs
Spot Solana exchange-traded funds (ETFs) continued to attract investor interest, recording their 15th straight day of inflows, underscoring 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, per SoSoValue data.
VanEck’s Solana ETF launched on Monday, and many more ETFs are expected to go live over the next week, adding to SOL’s tailwinds.
Additional 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 last 30 days.
As Cointelegraph reported, Solana’s strong onchain metrics and DApps revenue dominance hint at long-term strength, backing SOL’s upside.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.