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Solana trades near $137, close to a key demand zone around $133. After the steep November decline, the price now moves in a tighter range with low volatility.
Short-term momentum still tilts lower, yet the chart no longer shows continuous heavy downside. Overall volatility remains compressed across several intraday timeframes.
Solana price currently sits below the 20-day EMA, so the short-term trend still leans lower. Even so, candles between $135 and $140 show lighter selling pressure than the November decline, which suggests that momentum has cooled. The relative strength index near 40 also points to a bearish but stabilizing backdrop.
Analysts describe the structure around $133 as a possible continuation setup. Intraday charts show a series of higher lows forming just above the support area. If buyers maintain control there, the next technical targets sit near $144 and then the $150 to $165 resistance band.
The Bitwise Solana ETF recently recorded single-day purchases above $13 million, adding to an estimated $527 million in cumulative inflows since mid-November. Those flows help absorb supply during market weakness and often signal longer-horizon positioning.
At the same time, the ETF landscape around Solana continues to shift. CoinShares withdrew its filing for a staked Solana ETF after the required seed transaction failed to go through, so no shares will launch under that product. Other issuers still run live Solana ETFs, which keep regulated access channels open for large investors.
Also Read: Solana News Today: SOL Price Holds Near $150 as Spot ETF Inflows Signal Rising Market Activity
On higher timeframes, traders monitor a broader demand region between $118 and $133. Weekly charts show price reacting from this band several times, which reinforces its role as a structural support zone. As long as SOL holds above this range, many technicians see room for a gradual recovery toward the mid-$150s or even $165.
Network data adds another layer to the asset’s outlook. The Solana blockchain has now recorded more than 660 consecutive days without a major outage, which improves its reliability profile for institutions. Combined with growing ecosystem liquidity and new partnerships, this operational stability forms a fundamental backdrop for any future move away from the $133 base.
Market participants now track four main zones: the $118–$133 demand band, $144 as the first breakout level, $152–$153 as secondary resistance, and $165 as the mid-term rally target.
