Solana (SOL) is showing fresh strength as bearish pressure eases. The rising Open Interest in SOL futures signals that traders are taking on more risk, while continuous inflows into US spot Solana ETFs highlight strong institutional appetite.
At press time Monday, SOL is up around 2%, building on a 4% gain from the previous day. The $150 psychological level has held firm, reinforcing bullish sentiment. Retail traders are increasing their futures exposure in pursuit of higher returns, though a former key support level has now become resistance — posing a potential hurdle for further recovery.
Institutional and retail demand strengthen SOL’s rebound
Friday marked the ninth consecutive day of positive net inflows for US spot Solana ETFs, totaling $136.5 million last week. Such sustained inflows could continue to support price appreciation.
Meanwhile, optimism in the broader crypto market grew after the US Senate approved a temporary spending bill (60–40) to avert a government shutdown — pending House approval and President Trump’s signature.
Improved sentiment also drove capital into Solana derivatives. SOL futures Open Interest climbed 3.47% in 24 hours to $7.8 billion, per CoinGlass data, indicating more leveraged long positioning. During the same period, $9.7 million in short positions were liquidated compared to $2.23 million in longs, showing bears were squeezed out.
Technically, Solana has printed its second consecutive bullish daily candle, rebounding from the $155 support zone on Sunday. A decisive close above last week’s $175 resistance could open the path toward the 200-day EMA at $185 — and potentially the $200 round mark.
