Solana Shows 3 Strong Bottom Signals at $130

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Charts and onchain data suggest that SOL might have bottomed at $130. Should traders anticipate a rally back to $200?

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 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.


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