Solana Price Shows Renewed Strength as Institutional Interest Rises

Solana (SOL) has shown a notable recovery over the past 24 hours, mirroring the broader crypto market rebound. With SOL now trading above the key support level of $130, traders have seen a sharp increase in activity as trading volume surged to $4.91 billion—an impressive 66% jump. Bitcoin’s rise past $91,000 also helped fuel a nearly 5% move in Solana, with bulls attempting to break through a major overhead resistance trendline.

Analysts note that Solana recently broke out of a falling wedge pattern, a historically bullish indicator suggesting potential upward movement. The price successfully retested the former resistance line, strengthening expectations of continued bullish momentum. If buying pressure holds, SOL could soon target the next major resistance zone around $156, a level many expect could be tested in the coming days.

Futures data also supports the growing optimism surrounding Solana. The cryptocurrency’s futures Open Interest remains steady above $7 billion, reflecting consistent capital inflow into SOL derivatives. Turnover has surged nearly 48% to $16.14 billion, indicating heightened market participation. According to CoinGlass, Solana’s futures OI sits at $7.16 billion with minimal fluctuation over the past day, further showing healthy investor engagement.

Institutional confidence in Solana is also strengthening. Bitwise’s Solana ETF recorded a substantial $65.1 million inflow last week, signaling expanding interest from major financial players. This rising institutional demand reinforces Solana’s position in the market and highlights confidence in its long-term potential.

Currently trading near $136 after a 4% intraday rise, SOL faces immediate resistance at this level. A breakout could send the price toward $140 and potentially $150. Strong support remains near $130, where dips may attract new buyers. Technical indicators such as the MACD point to bullish momentum, while a CMF reading of 0.11 indicates positive capital inflows—supporting the case for continued upward movement.