Overview
- Solana reclaimed $140 and is consolidating in the low-$140s after a bounce near the 50-day EMA around $136, with a pattern of higher lows beneath resistance.
- CoinGlass shows futures open interest up 4.9% to $8.58 billion and short liquidations outpacing longs, with funding turning positive and positioning raising short-squeeze risk.
- US spot Solana ETFs drew $41.08 million in net inflows last week, marking an eighth consecutive week of institutional buying.
- Santiment reports weekly new wallet creation falling from roughly 30.2 million in November 2024 to about 7.3 million, while DeFiLlama puts TVL near $9.06 billion, about 30% below the recent peak.
- Traders are watching for a decisive move, with a volume-backed close above $145 seen as bullish confirmation and a loss of the $125–$130 support band viewed as a downside risk.