Key Points:
Solana has rebounded from the weekly support of $130, signaling that the price may recover to $250.
The increase in open interest and spot demand indicates that buyers are returning to the market.
With ETF inflows reaching $390 million, institutional demand for SOL continues to grow, and investors are optimistic about the future launch of Solana ETFs.
The weekly chart for Solana shows that the SOL price may have formed a bottom around $130, a structure that is expected to help push it back to $250 in the coming weeks.
Since November 11, the SOL price has shown a V-shaped reversal pattern on the four-hour chart. Prior to this, SOL had dropped significantly by 25%, retreating from a high of $173.
Bulls have been buying on dips, causing the price to quickly rebound to current levels. The Relative Strength Index (RSI) has risen from 28 to 50 since November 13, indicating increased upward momentum.
As the price attempts to complete the V-shaped reversal, it is expected to rise further to the neckline of this pattern, which is the $170 supply zone, representing a 22% increase from the current price.
Zooming out, the weekly chart shows strong support for SOL/USD at $130, as illustrated below.
Previous rebounds from this level have triggered significant price increases: from $127 to $265 (up 108%) between September 2024 and November 2024, and from $130 to $250 (up 98%) between June 2025 and September 2025.
If a similar scenario plays out, SOL could extend today's recovery to $250, an 80% increase from current levels.
It is important to note that the RSI has recently reached the oversold area in a low cycle, which historically often indicates that a major trend reversal is imminent.
According to Cointelegraph, if the 20-day EMA (at $160) regains support, the SOL price is expected to rise towards the $180-$200 range.
CoinGlass data shows that Solana's futures open interest (OI) has increased by 5% in the past 24 hours, reaching $7.3 billion. At the same time, the funding rate for perpetual contracts (eight hours) has surged from -0.0001% to 0.0059%, rising in tandem with OI.
The simultaneous increase in OI and funding rates indicates a recovery in demand for SOL futures, and if bulls become too crowded and a catalyst appears, it could create conditions for a sharp reversal (short squeeze).
Meanwhile, net buying volume has turned positive, indicating that more buyers are entering at lower levels. The spot CVD continues to rise, suggesting that this round of recovery is driven by both spot and futures, seen as a signal of a healthy pattern.
The spot Solana exchange-traded fund (ETF) continues to attract investor attention, achieving net inflows for the 15th consecutive day, further highlighting strong institutional demand for the network's native asset.
The domestic SOL ETF in the U.S. added $8.26 million on Monday, bringing total inflows to $390 million, with total net assets surpassing $513 million, according to SoSoValue data.
VanEck's Solana ETF launched this Monday, and more ETF products are expected to be released in the coming week, providing new positive momentum for SOL.
Nansen's supplementary data shows that various network metrics continue to strengthen, including an 18% increase in daily active addresses and a 9.1% increase in daily transaction volume over the past 30 days.
As reported by Cointelegraph, Solana's strong on-chain metrics and dominant DApps revenue suggest long-term strength, supporting the rise of SOL.
Related: Stablecoin giant Tether has invested in Ledn, targeting the global cryptocurrency lending market.
Original article: “3 SOL Data Points Suggest $130 Was the Bottom: Is It Time for a Return to Range Highs?”
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