Solana is trading in a rising pattern, supported by a trendline and the 200-week EMA near $121. It faces resistance between $145 and $150, creating a compression setup. Traders will monitor whether a breakout beyond that zone could confirm the rebound.
Solana ETPs saw $7.5 million in inflows last week, bringing total inflows to about $750 million since their mid-October U.S. launch, with outflows on just three days. Analysts say the altcoin market, including Solana (SOLUSD), may be at a turning point, with current low valuations indicating a potential recovery for strong projects like Solana.
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