- Solana breaks a multi-week trendline as buyers target the $149 to $155 resistance zone.
- Net inflows return, with $29.6 million entering the market as sentiment turns bullish.
- Futures open interest jumps, showing traders adding fresh long exposure rather than closing shorts.
Solana price today trades near $143 after breaking above a descending trendline that has capped every rally since early November. The move gives buyers their first clean technical victory in weeks, supported by a surge in futures open interest and positive net flows that hint at improving risk appetite across the market.
Trendline Break Signals Short Term Strength

On the 4 hour chart, Solana has pushed above the descending trendline and is pressing toward the 200 day EMA near $149. That area now acts as the first major resistance cluster. The 20, 50, 100, and 200 day EMAs at roughly $135, $138, $141, and $149 are now aligned in a way that gives price an upward channel, with the 20 day EMA beginning to curl higher.
Parabolic SAR dots have flipped below price, confirming short term bullish momentum for the first time since late November. Buyers defended the $125 level as a local low, creating a higher low pattern that forms the base of the breakout.
Momentum remains fragile, but price holding above $139 keeps the structure intact and supports continued attempts to challenge resistance.
Spot Inflows Increase As Buyers Return To The Market

Coinglass data shows a $29.6 million net inflow on December 3, a meaningful improvement after multiple negative sessions during November’s sell-off.
While not massive by historical standards, the shift is important because inflows are returning at the same time price breaks resistance. If inflows persist, the market can sustain a rotation higher rather than simply squeezing shorts.
Futures Market Shows Aggressive Positioning From Longs

Derivatives data confirms that leverage is returning. Solana futures open interest has increased 8.95 percent to $7.37 billion, with options open interest up over 150 percent. Volume is higher by more than 40 percent. Long-short ratios across major exchanges skew bullish, with Binance traders showing a ratio above 2.7.
This positioning shift matters because it shows traders are not only covering shorts but also adding fresh long exposure. In previous rallies, participation was constrained by flat or falling open interest. This time, capital is entering the market rather than exiting it.
Daily Chart Shows Clear Resistance Above And Room For Recovery

The daily chart offers a broader perspective. Solana remains below the key resistance zone near $155, which previously triggered heavy selling and breakdowns. The Supertrend indicator sits near that level as well, meaning this is the first major reversal barrier beyond the short term trendline breakout.
A decisive close above $155 would flip structure and open the door toward $180. Above that, the larger resistance band sits near $214, where price previously consolidated before the September collapse.
Until that happens, the broader chart remains in a corrective pattern. RSI at 48 reflects neutral positioning with room to move higher if momentum builds.
Support is layered. Initial support sits near $135, matching the short term EMA zone. Below that, $125 is the key level that must hold. A loss of that area would undo recent progress and expose the $110 region.
Outlook. Will Solana Go Up?
Solana has produced its strongest technical move in weeks, backed by improving flows and rising leverage. The breakout gives bulls momentum, but they must convert it into a structural shift by breaking higher levels.
- Bullish case. A close above $155 with strong volume opens the door to $180, followed by $214 if flows and open interest continue to expand.
- Bearish case. Failure to break $149 to $155 squeezes long positioning and pulls price back toward $135, with deeper downside risk toward $125 if support fails.
If Solana reclaims $155, the trend shifts decisively. Losing $125 turns the current move into a failed breakout rather than a reversal.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
