Key Notes
- Solana worth holds above $135 regardless of 21Shares withdrawing its SOL staking ETF software.
- Derivatives knowledge reveals $12.5 million in bullish leverage added as merchants counter bearish headlines.
- Solana ETFs swung again to $5.3 million inflows on Friday, signaling bettering sentiment after Thursday’s $8.3 million drawdown.
Solana worth discovered agency assist above $135 on Saturday, Nov. 29, positioning the asset to shut the week with roughly 6% features regardless of bearish sentiment triggered by 21Shares withdrawing its Solana staking ETF application, citing challenges in finishing regulatory obligations.
Solana open curiosity rises 1.7% as bulls defend $135 assist after 21Shares withdrew its software for SOL ETF staking. | Supply: Coinglass
Resilience from bull merchants cushioned the draw back affect, with Coinglass knowledge exhibiting Solana open curiosity rising 1.7%, even as SOL worth dipped 1.25% intraday within the spot markets. This means that speculative merchants added $12.5 million in notional leverage to defend the $135 worth assist stage.
Solana’s funding price additionally flipped optimistic to hit 0.0027% on the 8-hour time-frame, exhibiting the bulls are paying greater charges to maintain bullish positions open.
The long-to-short ratio, hovering close to 1.0, confirms that the majority of those new positions got here from bullish market members overlaying aggressively fairly than from shorts piling in.
Solana ETF Flows as of Nov 28, 2025 | Supply: FarsideInvestors
ETF flows additionally bolstered the resilience narrative. All actively traded Solana ETFs closed the week optimistic, recording $5.3 million inflows on Friday, reversing Thursday’s $8.3 million outflow that ended a 22-day inflow streak courting again to SEC approval on Feb. 28. The return to internet inflows suggests merchants anticipate the 21Shares ETF headwind to fade shortly.
Solana Value Forecast: Can Bulls Verify the Falling Wedge Breakout Towards $220?
Solana continues to commerce inside a well-defined falling wedge, a bullish reversal sample fashioned when descending assist and resistance traces converge. A breakout sometimes happens when the value closes above the higher trendline, typically triggering a rally proportional to the wedge’s peak.
Solana is at the moment buying and selling round $135–$136, sitting between the KC midline and decrease band. A optimistic MACD crossover displays bettering pattern energy and rising upside chance.
Solana (SOL) Technical Value Evaluation | Supply: TradingView
The falling wedge projection on the SOLUSD day by day worth chart reveals upside potential of 62.24%, focusing on the $220 stage, if a confirmed breakout happens above the wedge’s higher boundary close to $150. Conversely, draw back threat is marked at 29.13%, referencing a possible retest of wedge assist close to $120.
On the upside, a day by day shut above $143.10 adopted by a breakout above $150–$152 would full the falling wedge construction. If this happens, Solana may speed up towards the $200–$220 measured-move goal.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any choices based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting varied Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at the moment learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
