Solana delivered a powerful shift in market structure as fresh spot demand and aggressive positioning changes pushed the asset into its strongest recovery pattern since early October. Renewed activity across major exchanges created fast momentum that signaled a clear reversal attempt.
Trading Strength and Technical Recovery Reinforce Momentum
Trading volume expanded by over $17.9 billion within a single day as Binance, Bybit, OKX and MEXC recorded heavy inflows. Moreover spot flows turned positive and long to short ratios moved into a bullish zone while futures open interest increased. This alignment strengthened confidence that the bounce carried real support from active traders.
Price action followed weeks of pressure that forced SOL below its 200 day moving average during November’s decline. Additionally the asset printed deep oversold readings on RSI before reclaiming the $140 to $145 region and breaking a key short term trendline. These developments showed that the rebound was built on structure rather than light speculative interest.
Besides the technical reset, market positioning created more room for upside. November’s selloff removed many leveraged longs and reset sentiment more sharply than in Bitcoin or Ethereum. Hence, moderate inflows now carry stronger impact on price direction.
Solana Targets Higher Levels as Key Support Holds
Current conditions require SOL to maintain the $138 to $142 support zone while attempting a move toward the 50 day EMA. Continued momentum could shift attention toward the $160 to $165 region, which would suggest the wider correction is easing.
However, failure to hold support increases the possibility of a drop back into the $125 to $130 area before another recovery attempt forms. Even so, the present combination of volume demand and positioning reflects a meaningful shift in market tone.
Solana’s latest reversal stands out as a structurally strong move supported by rising activity and renewed confidence. Consequently, traders anticipate elevated volatility and firm spot interest as the asset works to extend this momentum.