- Solana rebounds from consolidation, targeting a pullback toward the key $185–$190 resistance zone.
- Institutional inflows and ETF demand strengthen SOL’s market position and long-term growth outlook.
- Over 82% of Binance top traders hold long positions, reflecting growing bullish confidence in SOL.
Solana (SOL) recently completed a long consolidation phase and has now begun to recover from the recent drop. The price is showing signs of strength and attempting a pullback toward the previous resistance area near $185–$190. At the time of writing, Solana was trading at $159, maintaining a stable recovery structure supported by improving technical and on-chain indicators.
Solana Shows Renewed Market Recovery
According to BitGuru, Solana traded within a defined range between $140 and $200 before rebounding from the $150 region. The market stabilized after a short decline in early November, with buying pressure lifting the price toward the $170 area. The current movement indicates a steady pullback as the asset approaches the $185–$190 resistance range.
Trading volume has increased during the recovery, showing renewed participation among buyers. Short-term support remains near $160, which continues to act as a stabilizing area. Market data shows higher lows forming across the 4-hour chart, suggesting consistent accumulation.
Solana remains above its 20-period moving average, confirming upward momentum. According to More Crypto Online, Solana’s price reacted within the defined support zone and may be moving in the white B-wave pattern. Resistance levels are located near $172, $179.75, and $189.
Institutional Support and Derivatives Market Confidence
According to data from DeFiLlama, Solana’s total value locked (TVL) in DeFi stands at $10.195 billion, reflecting strong network participation. Stablecoin market capitalization reached $13.16 billion, while decentralized exchange volume recorded $3.349 billion within 24 hours. These metrics confirm active engagement across DeFi platforms.
Institutional interest continues to strengthen. Recent reports show Solana spot ETFs have recorded 11 consecutive days of net inflows, raising total assets to $351 million. No outflows have been recorded since the ETF launch, indicating continuous accumulation. Data from Coinglass shows that 82.57% of Binance top accounts hold long positions on SOL, while 17.43% remain short.
This strong derivatives positioning supports market optimism. If price maintains stability above its breakout region, the buying pressure could continue building. Analysts observe that these conditions reinforce Solana’s steady path toward the $185–$190 resistance zone and potential extension toward $300 by early 2026.
