Solana had a strong day as new investment and rising interest pushed the price higher. The asset moved into a zone that traders watch closely and it is now near a level that can decide the next big move. At the time of the report Solana traded near one hundred forty two after a sharp rise. The move came as buyers showed more faith and the market turned more active.
A big reason for this fresh strength was a strong wave of money flowing into Solana funds in the United States. After a day of outflow these funds showed a total net inflow of more than forty five million. This number shows that large investors are still looking at Solana with interest. When big players put money into these funds it often helps lift the mood in the wider market. The inflow also came at a time when the price was showing early signs of a breakout which made it even more important.
Another sign of rising interest came from the futures market. The open interest in Solana jumped sharply in the past twenty four hours and moved above seven billion. A rise in open interest and price together means that new money is joining the trend. It shows that traders are opening more positions with the view that the upward move can last. This kind of rise often supports a strong trend because it shows active participation from both retail and larger players.
Charts now show a clear setup forming on the daily frame. The pattern looks like a double bottom which is a classic sign of a possible trend reversal. The price is sitting near the neckline of this pattern. If Solana closes above one hundred forty five on the daily chart it can start a move toward one hundred sixty nine which is around a sixteen percent increase from where it stands now. The strength of the trend also looks firm with the main trend indicator showing a strong reading.
Traders in the short term also seem to believe in the upward push. Most of the active positions are long positions. The main levels for liquidation are near one hundred thirty seven and one hundred forty four. At these levels long traders hold a large amount of positions showing they think the price will stay well above the lower side. This kind of build up often shows rising confidence because traders do not expect a sharp drop in the near term.
Some market analysts also shared charts showing that Solana has bounced well from a key weekly support area. They think that the pattern now forming could support a move toward the one hundred sixty to two hundred zone if the price holds steady in the coming days.
The picture at the moment is clear. Fresh money flowing into funds helped lift Solana. Rising open interest confirmed strong activity. The chart setup looks firm as long as the price stays above one hundred thirty seven. The next major step will depend on how Solana behaves near one hundred forty five because that level can decide if the move toward higher targets will start.
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