Solana News Today: Institutional Interest Drives Solana Back to $130, Sets Sights on $250 Breakout

Solana (SOL) is currently holding at a crucial support level near $130, with both technical signals and institutional interest pointing to a possible upward move. After dropping 25% from $173 to $128, the price has staged a V-shaped recovery since November 11. The Relative Strength Index (RSI) has

, indicating that buying momentum is building. Looking at past trends, , such as the 108% jump to $265 seen in late 2024. Open interest in Solana futures has to reach $7.3 billion, and net taker volume has turned positive, showing that spot buyers are entering at lower prices.

Interest from large investors in

is on the rise, fueled by ETF investments and new product introductions. on November 19, pushing total assets to $513 million. (FSOL), which launched on November 19 with a 0.25% management fee, along with VanEck’s recent entry, have boosted momentum . These ETFs have attracted over $500 million in net inflows so far this year, in contrast to ETFs, which on November 20.

Solana’s on-chain data continues to support a bullish outlook.

, and . The network now handles more than 10,000 transactions per second, with transaction fees frequently below one cent . in two years, with 17,708 active contributors driving progress in DeFi, NFTs, and tokenization of real-world assets.

Market dynamics point to further upside for

. , it could aim for $250, representing an 80% increase from current prices. The combination of institutional buying and Solana’s technical improvements sets the stage for continued expansion. Still, volatility persists, as highlighted by BlackRock’s Bitcoin ETF (IBIT), which during a broader crypto market downturn.