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Tag: Solana breakout

  • Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead?

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    As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed a crucial level, nearing a key resistance area that could set the stage for a long-awaited price recovery rally, according to some market watchers.

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    Solana Bounces Despite ETF Outflows

    The crypto market has surged above the $3 trillion mark for the first time in a week, with Bitcoin, Ethereum, and most leading cryptocurrencies reclaiming crucial support levels lost during the latest market pullback.

    Solana joined the market rally and jumped from the recently recovered $135-$140 area to the upper zone of its local range on Wednesday afternoon. Notably, the altcoin has been trading between the $130-$145 price range over the past two weeks, briefly losing the lower boundary during last week’s correction.

    This week, SOL’s price has reclaimed some crucial ground, surging over 10% since Monday’s opening and nearing the $145 resistance. Amid this performance, analyst Ted Pillows noted institutional participation, as SOL treasury companies have started to show early signs of recovery.

    He also highlighted that Solana Exchange-Traded Funds (ETFs) have experienced record inflows this month despite the correction. According to Farside Investors’ data, the SOL-based investment products have registered $613 million in inflows since their launch on October 28.

    It’s worth noting that throughout the recent pullbacks, Solana funds have seen a strong demand, with a 22-day positive streak while the altcoin’s price descended to multi-month lows.

    However, as its price recovered, SOL’s ETFs registered their first negative in nearly a month. 21Shares’ TSOL, which launched a week ago, saw $34 million in outflows on Wednesday, outshining the over $13 million and $10 million in inflows of Bitwise’s BSOL and Grayscale’s GSOL. As a result, the whole category recorded net outflows of $8.1 million.

    In his analysis, Ted Pillows also noted that “It seems like SOL has bottomed for a while, but institutional buying needs to accelerate here. Otherwise, it won’t take long for Solana to make new lows.”

    SOL Ready For December Recovery?

    Analyst Ali Martinez suggested that Solana’s pain might be over as its price “usually bottoms when investors capitulate… And for the past two weeks, that’s exactly what’s been happening.”

    According to the chart, SOL’s price has historically found a floor when the Net Unrealized Profit/Loss (NUPL) indicator reaches the capitulation zone, which it has recently fallen to. Meanwhile, Crypto Patel highlighted that Solana is breaking out of a one-month downtrend, which could trigger a 25% recovery rally near the key $180 barrier in the coming weeks.

    Another market observer warned that the altcoin is “walking straight into the lion’s den” as its price nears the $144-$146 resistance levels. Trader Mr. Ape noted that Solana’s price has been rejected three times from this heavy supply area, and momentum “is slowing again as we hit the zone.”

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    To the trader, this is the crucial level to watch, as another rejection could send the price to the $132 support, where strong demand lies from the previous bounce. On the contrary, a successful breakout from this level and reclaiming it as support could confirm the shift and trigger a surge to the $157 area.

    As of this writing, Solana is trading at $142, a 7.7% increase on the weekly timeframe.

    SOL’s performance on the one-week chart. Source: SOLUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Solana Sees Institutional Accumulation: 413,075 SOL Moved Off Exchanges In Hours

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    Solana has been in the spotlight after delivering a powerful rally, surging more than 50% since August and climbing to the $248 level. This move has reaffirmed bullish sentiment across the market, with momentum continuing to build around one of the leading altcoins. Analysts are now calling for the possibility of a massive surge in the coming weeks, pointing to both technical strength and increasing institutional participation as key drivers.

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    Bulls appear firmly in control as Solana consolidates its gains at higher levels, showing resilience even in the face of broader market volatility. Unlike past rallies driven mainly by retail speculation, this surge is being accompanied by institutional accumulation, signaling deeper conviction and long-term positioning by large players.

    Fresh data from Lookonchain highlights this trend, revealing that another major institution has been buying significant amounts of SOL. These purchases align with the broader narrative that big players are preparing for the next phase of the crypto cycle by loading up on high-conviction assets.

    Solana Sees Accumulation Ahead of Fed Decision

    Solana has once again taken the spotlight as fresh data reveals significant institutional activity in the market. According to Lookonchain, over the past eight hours, FalconX—a well-known institutional trading platform—has withdrawn 413,075 SOL, worth approximately $98.4 million, from major exchanges including Binance, OKX, Coinbase, and Bybit. Such large-scale withdrawals are often interpreted as a signal of accumulation, with institutions moving tokens off exchanges for custody, staking, or long-term holding rather than short-term trading.

    FalconX withdraws 413,075 Solana in 8 Hours | Source: Lookonchain

    This activity suggests that institutional players are quietly but aggressively positioning themselves in Solana. By removing supply from exchanges, FalconX’s actions could reduce the immediate liquidity available for trading, tightening supply and potentially fueling upward price pressure if demand continues to rise. Historically, moves of this scale have often preceded strong rallies, particularly when they align with broader bullish momentum. Solana, which has already surged over 50% since August, may now be setting the stage for another leg higher if accumulation trends persist.

    At the same time, macroeconomic factors are converging with this institutional demand. Later today, the Federal Reserve will announce its decision on interest rates, a pivotal event that will influence risk sentiment across global markets.

    Whether the Fed opts for a modest 25bps cut or a deeper move, the outcome will shape liquidity conditions for months to come. For Solana, the combination of institutional buying and the Fed’s decision creates a high-stakes backdrop that could define its trajectory well into year-end.

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    Testing Key Levels After A Rally

    Solana (SOL) has been in a powerful uptrend since August, gaining more than 50% and reaching a high of $248 before cooling slightly. The daily chart shows SOL now trading at $236, consolidating after the sharp rally. The uptrend remains intact, with the 50-day SMA ($197) and 100-day SMA ($178) trending upward, both acting as solid dynamic support. The 200-day SMA at $161 is far below current levels, confirming the strength of the long-term bullish structure.

    SOL testing key resistance | Source: SOLUSDT chart on TradingView
    SOL testing key resistance | Source: SOLUSDT chart on TradingView

    However, the recent slowdown near $240 suggests that the market is encountering resistance. This level previously acted as a supply zone in late 2024, and bulls will need to push through it decisively to open the door toward a potential retest of $300. A rejection here could trigger a short-term pullback toward $220 or even the $200–$210 area, where the moving averages cluster, offering strong support for continuation.

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    Institutional accumulation has also been a major catalyst for Solana’s recent surge. Large withdrawals from exchanges highlight ongoing whale positioning, suggesting that demand remains strong despite near-term volatility. If momentum continues and macro conditions—particularly the Fed’s decision on rates—provide a favorable backdrop, SOL could extend its rally toward new highs.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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