Solana (SOL) Price: Can Bulls Finally Break $145 Resistance After 30 Days of ETF Inflows?

TLDR

• Solana ETFs recorded $10.8 million in net inflows on a single trading day, extending more than a month of continuous positive flows from institutional investors.
• The token posted its strongest daily close since early November, which technical analysts view as a bullish momentum shift away from consolidation.
• Key resistance sits between $145 and $148, with a breakout above this level potentially opening a path toward $160 to $180 price targets.
• Solana is holding above the $125 to $130 support zone while forming higher lows, creating a base structure that could support further recovery.
• Technical indicators including velocity RSI have reached historically low levels that previously preceded major rallies, suggesting selling pressure may be exhausted.

Solana ETFs attracted $10.8 million in net inflows during a single trading session. This marks a continuation of more than 30 consecutive days of positive flows into these investment vehicles.

The sustained nature of these inflows suggests growing institutional confidence rather than temporary speculation. ETF holdings have become an important factor in determining overall market positioning for the token.

Institutional accumulation has historically preceded improved market resilience during periods of selling pressure. The pattern demonstrates increasing adoption of Solana among Layer-1 blockchain investments.

The token is currently testing key resistance levels while showing signs of strengthening price action. Bulls are watching the $145 to $148 zone as the next critical barrier.

A confirmed close above this resistance band would establish a positive short-term trend. Such a breakout could trigger momentum buying toward the $160 to $170 range.

Market analysts have identified this level as the next major target where increased volatility is expected. Participants would likely reassess positioning as price approaches these levels.

Strong Daily Close Signals Momentum Shift

Technical analysts note that Solana recorded its strongest daily candle close since the beginning of November. This type of close indicates strong buying pressure rather than a temporary spike.

The pattern suggests the token has emerged from its consolidation phase. Historical data shows that similar strong closes have often preceded extended gains in past market cycles.

Traders have set their sights on the $180 level following the confirmation of this breakout pattern. Psychological resistance areas can lead to rapid price discovery when broken.

The current setup shows aggressive buying with improving volume and momentum indicators. Price is contracting below prominent daily resistance while building bullish strength.

Technical Structure Shows Recovery Pattern

Solana continues to defend a strong support base around the $125 to $130 zone. This area has repeatedly absorbed selling pressure in recent weeks.

Price has begun forming higher lows while compressing beneath overhead resistance. The pattern reflects accumulation as long as support remains intact.

The velocity RSI indicator has returned to historically low levels. The last time this metric reached similar conditions, Solana rallied from approximately $95 to over $250.

While past performance does not guarantee future results, such momentum compression often reflects exhaustion in selling pressure. This shifts the risk profile in favor of bulls.

Heavy liquidity sits between $140 and $148, with strong bids clustered around $128 to $130. This explains the current sideways trading action.

The market is rebuilding structure for a potential recovery through January. Volume remains steady but not explosive, showing that participation is cautious.

Solana-linked treasury companies are showing growing strength. These stocks often move ahead of spot price because they reflect long-term positioning and institutional interest.

The post Solana (SOL) Price: Can Bulls Finally Break $145 Resistance After 30 Days of ETF Inflows? appeared first on CoinCentral.