Solana bulls fight to defend $130 as ETF demand meets unlock selling

Source: CryptoNewsNet Original Title: Solana bulls fight to defend $130 as ETF demand meets unlock selling Original Link: https://cryptonews.net/news/analytics/32106215/ Solana clings to $130 support as ETF demand and roadmap upgrades clash with legacy selling pressure. Solana trades near $133 at a critical support area, where strong ETF inflows and structural upgrades face off against lingering unlock-driven supply and a fragile technical structure.

Market Structure

• SOL is currently trading near $133, locked in a $125–$150 range with $125–$130 as key support and $140–$145 as first resistance.
• Spot Solana ETFs show one of 2025’s strongest cumulative inflow profiles, helping absorb supply despite a 40% drawdown from last year’s levels.
• Firedancer, Alpenglow, and growing RWA tokenization support a longer-term bullish thesis even as unlock overhang and macro risk keep sentiment cautious.

Price Action & Technical Outlook

The price of Solana (SOL) is currently changing hands around $133, down more than 40 percent from levels seen a year ago and well below the $190–200 zone reached in late October. Since early November, price has bled lower through a series of failed bounces, with a sharp breakdown from above $180 ushering in a persistent downtrend that now orbits a dense support shelf around $125–130.

Technical models that track trend and sentiment classify conditions as bearish with elevated volatility, yet they also project a modest rebound into the mid-140s over the next month if this floor holds.

Range-Bound Trading Setup

The broader tape shows a textbook range forming between $125 and $150, with repeated rejections between $145 and $155 marking the upper boundary that bulls must reclaim to reset structure. A clean close below $125 would confirm continuation of the November slide and expose deeper levels near $115–120, while sustained closes back above $140–145 would signal a shift from distribution to accumulation and open a path toward $155.

ETF Demand as Structural Support

Fundamentals and news flow complicate the picture. Solana spot ETFs have logged one of the strongest demand profiles in crypto this year, with cumulative net inflows above $600 million dollars and multi-week streaks that stand in sharp contrast to outflows from some bitcoin and ether products. This pipeline continues to absorb supply on dips and provides a structural bid that could fuel a sharp short-covering move if technicals turn.

Long-Term Infrastructure Catalysts

On-chain and infrastructure developments add weight to the long view. The 2025–2026 roadmap centers on the Firedancer and Alpenglow upgrades, which target major gains in throughput, latency and reliability, addressing the network’s historical outage narrative and aiming at institutional-grade performance. Growing real-world asset tokenization and other capital-intensive use cases on Solana highlight this shift, even as near-term sentiment remains cautious around unlocks and macro risk.