Solana Price Prediction: SOL Nears Breakout After Strong ETF Inflows

Solana Nears Key Breakout Level After Fresh ETF Inflows.

As the Bitwise ETF attracted new inflows, Solana price prediction remained historically close to one of its more significant resistance zones while more short-term indicators demonstrated that momentum was recently shifting. Traders were monitoring Solana as it was approaching a resistance region at a downward incline.

New ETF Inflows Align With Improving Short-Term Structure

A post shared by Coin Bureau noted that Bitwise recorded $39.5 million of inflow into its Solana ETF, marking the highest level since launch. This development appeared as the asset continued to test a trendline drawn from the $188–$190 range, which has guided the broader downtrend.

Another market update from Captain Faibik described a potential recovery phase forming as it moved around $138.20. The asset created higher lows through the past week, showing improving structure as buyers advanced toward a key resistance cluster near $138–$140. This zone remains the level that traders monitor closely for a shift in direction.

The descending trend line has repeatedly acted as an area of resistance. An upside breakout above this line would create a new trading opportunity for traders who follow a short-term price prediction. The projected upside target for Solana is $173.50, which was previously a support level before being broken down.“SOL edges toward a decisive trendline breakout, aiming for a 25% rally toward the $170 resistance zone.”

Key Technical Levels and Momentum Signals

As of this writing, the last candles printed a high of $139.03 and a low of $137.72. The price hesitated near $139 after making several pushes higher and formed a rising pattern between November 22nd and November 26th. While this pattern strengthened the market structure, SOL remained well below the major breakout levels.

Momentum readings were giving mixed signals; the MACD line was at 1.59 and was slightly above the MACD signal line, which was at 1.53. The MACD Histogram was near zero, indicating that this was less than the previous strong phase. A renewed push on MACD by traders will give the firm a greater opportunity to test the $140-$144 area.

The RSI at 60.48 maintained moderate strength. Its position above its smoothing line showed that buyers still held control. A move above 65 would support a bullish continuation, while a drop under 55 could align with a temporary pullback.

Support rested at $135, followed by $132 and deeper support around $128. Resistance levels stood at $138–$140 and then $144, forming clear zones for short-term decision-making in any Solana price prediction approach.

“SOL shows weakening but intact bullish momentum as price battles the $140 resistance, awaiting confirmation for a breakout or pullback.” (TradingView)

Short-Term Outlook as SOL Approaches a Decision Zone

Market observers expect that a break above $140 may allow SOL to progress toward $142 and $144. Continued movement above these areas would improve overall structure and revive interest in the recovery target around $170–$175.

If price slips below the recent higher-low sequence, a return to $135 or $132 may develop, forming another consolidation range. Traders tracking a Solana price prediction anticipate a strong market response once the current resistance band is overcome.

Final Thoughts

The SOL price is at a significant technical point, and many traders are closely monitoring its price action surrounding the trendline. If SOL were to break above that level of resistance, it would likely draw back into the market, while hesitation could extend the current range before the next upward momentum.

This article was originally published as Solana Price Prediction: SOL Nears Breakout After Strong ETF Inflows on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.