Solana $130 Bottom and On-Chain Data Dey Signal SOL Rebound
Solana (SOL) don show say e don form bottom close to $130, wit on-chain metrics and technical indicators dey point to say e fit bounce back. Since e drop from $173, SOL show V-shaped reversal from $130 level, and RSI rise from mid-20s to 50s, wey confirm say bullish momentum dey grow. Futures open interest climb 5% reach $7.3 billion and funding rates turn positive, wey mean say demand don come back. Spot cumulative volume delta and net taker volume also dey positive. US-based Solana ETFs register $390 million inflow for 15 days—plus $8.26 million for Monday—wey push assets pass $513 million. Network activity strong as daily active addresses rise 18% and transaction volume increase 9.1% within 30 days. If SOL fit hold above $160 EMA and break resistance near $170, traders fit target $180–200 next, with mid-term upside go $250. These developments boost confidence say SOL rally fit last, making current levels good chance for traders to enter.
Bullish
Di kombinéd on-chain and technical data—bottom formation for $130, wan V-shaped price reversal, risin RSI, increase futures open interest and positive funding rates—dey signal say SOL get renewed bullish momentum. Significant ETF inflows and growing network activity dey support demand well well. Key resistance levels for $160 EMA and $170, if dem clear am, fit trigger short-term gains towards $180–200 and mid-term rally reach $250. These converging indicators dey support bullish outlook both short and long term.