solana

Solana (SOL) has climbed back above the $90 level at the time of writing on Monday, following a 13% rally over the past week. The asset continues to attract attention from both institutional and retail investors, with capital inflows and derivatives activity reinforcing the growing bullish sentiment around the network.
From a technical perspective, the 50-day Exponential Moving Average (EMA) has become the key short-term resistance, currently limiting SOL’s upward momentum as the price approaches the psychological $100 level.
💰 ETF Inflows Strengthen Solana’s Recovery
Institutional interest in Solana remains evident as SOL-focused ETF products recorded $7.60 million in inflows on Friday, bringing the weekly total to $10.70 million.
Consistent ETF inflows suggest persistent demand from institutional investors, a factor that could help cushion downside pressure and provide stability to the market during periods of volatility.
At the same time, retail participation is also increasing, gradually aligning with the growing institutional confidence in the Solana ecosystem.
According to data from derivatives analytics platforms, Solana futures open interest (OI) surged over 7% in the past 24 hours, reaching approximately $5.57 billion. The increase in open interest indicates the creation of new positions and rising leverage activity across the market.
Interestingly, the surge in derivatives activity has also triggered a wave of short liquidations.
In the past 24 hours alone, total SOL liquidations reached $15.50 million, with $14.43 million coming from short positions, signaling that bearish traders have been forced to close their positions as price continues to climb.
📈 Technical Outlook: Can Solana Break Above $100?
At the time of writing, SOL is extending its gains after rebounding nearly 5% in the previous session.
This recovery allowed the price to break above the February 5 opening level at $92.11, which previously acted as the upper boundary of the accumulation range. Meanwhile, the $78.35 level (February 5 close) remains a crucial support zone below.
Despite the bullish recovery, the upward move is currently facing resistance from the downward-sloping 50-day EMA near $94.17.
If Solana manages to close decisively above this level, the next potential upside target could be the 100-day EMA around $109.58.
Momentum indicators are also beginning to turn positive:
• MACD has crossed into positive territory, with the histogram expanding — suggesting increasing buying pressure.
• RSI is currently near 58, above the neutral threshold, reinforcing a short-term bullish outlook.
However, if selling pressure reappears and price fails to maintain momentum, SOL could fall back into the previous consolidation range, potentially retesting the $78.35 support zone.
📊 Long-Term Trading Strategy (Educational Scenario)

🟢 Buy Scenario (Swing / Position Trade)
Entry: $88 – $92
Stop Loss: $77
Take Profit Targets:
• TP1: $109
• TP2: $129
• TP3: $148
🔴 Sell / Short Scenario (If Rejection Occurs)
Entry: $99 – $102 (Strong rejection near resistance)
Stop Loss: $109
Take Profit Targets:
• TP1: $88
• TP2: $78
• TP3: $67
The $78 – $82 zone remains a critical accumulation area where strong demand previously emerged.
⚠️ Disclaimer:
This article is published for informational and educational purposes only and reflects personal market observations. It is not financial advice. Always conduct your own research before making any investment decisions. The author assumes no responsibility for any financial losses resulting from trading or investing.
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