Solana reclaimed the $165 level, signaling renewed optimism for a potential climb toward $200 as institutional interest returns.
Key Takeaways:
- Institutional flows into spot Solana ETFs turned positive, contrasting with broader crypto outflows and supporting renewed momentum for SOL.
- Technical signals such as the TD Sequential “buy” on the daily chart, and consolidation above $157–$165, suggest that selling pressure may be easing.
- The critical resistance zone around $165–$170 must hold for broader recovery; failure could expose deeper support near $150 or lower.
After several weeks of choppy trading and intermittent pullbacks, Solana has started to show clear signs of recovery. Roughly $137 million in spot ETF inflows were recorded between November 3 and November 7, indicating a renewed interest from institutional investors. This contrasts sharply with broader outflows from major cryptocurrencies such as Bitcoin and Ethereum, signaling that some investors are rotating funds into promising altcoins.
Market analysts view this inflow key factor in Solana’s price rebound over the $165 mark, with intraday high at approximately . The move comes amid lingering macroeconomic concerns and broader risk-off sentiment in crypto markets, demonstrating the growing role of institutional activity in stabilizing Solana’s price action.
Solana (SOL) currently (11:25AM UTC) trades around $168, showing a 6% increase over the past 24 hours. Source: CoinMarketCap
Technical Signals Point to Relief Rally
Technical analysis also supports the case for a potential near-term upswing. Analyst Ali Martinez highlighted on their post in X (formerly Twitter) a TD Sequential “buy” signal on the daily chart, suggesting that the recent downtrend may have reached a temporary bottom. Other market observers noted that consolidation above the $157–$165 band and intraday breakouts on lower timeframes are setting the stage for a possible rally toward the $200 level.
For the traders’s perspective, TD Sequential indicator signals that selling pressure may be cooling down, and being noticed in in SOL chart triggered renewed optimism among both retail and institutional traders. Also, analysts emphasize that it’s important for the token to maintain its current levels for a trend reversal confluence and making another retracement toward recent lows less possible.
Key Resistance Zones to Watch
Solana’s near-term recovery depends on how it will treat resistance levels near $165-$170. If this zone is cleared, it will likely push renewed buying interest and pave the way toward $180 and potentially $200. Otherwise, a retracement to support zones near $150 or even $140 may happen, as caution remains warranted in an otherwise volatile altcoin market.
Market Snapshot: SOL Price Rebound
As of this writing, CoinMarketcap real-time market data shows Solana (SOL) is trading at approximately $168.19, reflecting a 5.69% increase over the past 24 hours. CoinGecko latest statistics show that the token reached an intraday high around $169.36 and dipped around $158.94, indicating the upward momentum being experienced by the token in the day.
This rebound has been accompanied by moderate trading volume, indicating measured but steady buying interest. Market observers point out that sustained activity above $165 could attract momentum traders and additional institutional inflows, reinforcing the recovery trend.
What’s Next for Solana?
If Solana sustains above $165 and clears the $170 resistance, analysts predict that that token can overcome $180-$200, especially with ongoing institutional inflows. However, dipping below this level could prompt another selling pressure, pulling the token back toward $150 support. For traders monitoring DeFi and altcoin recovery, Solana’s movement in the coming days will signal whether the current rebound can evolve into a broader uptrend.
Summary
Solana has reclaimed the $165 level supported by spot ETF inflows and technical buy signals, suggesting a potential rally toward $200 if resistance at $165–$170 holds and institutional interest continues.
