SOL Price Reversal: Is Bottom In For Solana Price?

Summary of SOL price action

Solana (SOL) recently showed a rebound after dipping below $130, with some indicators suggesting a potential move back toward recent resistance around $170 and beyond. The latest data points indicate bullish momentum forming on short- and medium-term timeframes, supported by on-chain and market activity signals.

Current price context

SOL climbed from around the low $120s/$130s zone to test higher levels, with intraday moves showing a rebound and a continued attempt to regain momentum. The asset’s price action has exhibited a bottoming pattern near the $130 area on weekly scales, hinting at a possible revival in the weeks ahead.

“The bottom near $130” and “rebound toward range highs” are common interpretations in recent analyses.

Technical factors

RSI recovery underlines growing bullish pressure, moving away from oversold territory and suggesting more upside room.
The price is approaching or testing moving averages that traders monitor for trend direction, including the 20-day and 50-day EMAs in shorter timeframes.
Support around $130 has historically sparked rallies, adding to the case for a potential bounce if held.

Fundamental and market dynamics

ETF inflows tied to Solana-related funds and growing institutional interest have provided a constructive backdrop for SOL’s price action.
Futures activity and open interest have shown signs of renewed demand, which can amplify price reversals in the presence of strong buying pressure.
Network activity metrics (such as daily active addresses and transactions) have been noted as improving in related analyses, supporting underlying demand for SOL.

Price targets and scenarios

Analysts have cited potential targets up toward the high $160s to $170s in the near term, with a broader view that a successful break above resistance levels could open the path toward higher targets around the $250–$250+ area in extended horizons. The exact trajectory depends on sustained buying interest, continued ETF and futures strength, and on-chain signals remaining supportive.

Risks to watch

Failure to hold key support near $130 could trigger renewed downside pressure and a test of lower levels.
Regime shifts in ETF flows or broader market risk sentiment could dampen upside momentum.
Short-term volatility and macro factors may override technical patterns in the near term.

Author’s note

Current outlook indicates a plausible bottoming pattern with potential for a relief rally, contingent on continued demand signals from ETFs and on-chain activity.

“ETF inflows and rising on-chain activity support a possible rebound,”

but traders should monitor key support and resistance levels for confirmations.

Glossary and context

RSI: Relative Strength Index; EMA: Exponential Moving Average. Open interest and spot/futures activity often point to the strength and sustainability of reversals in crypto markets.

99Bitcoins — 2025-11-19