3 Sol Data Points Suggest $130 Was The Bottom: Is It Time For A...

Charts and onchain data suggest that SOL might have bottomed at $130. Should traders anticipate a rally back to $200?

Solana's rebound from its weekly support at $130 signals a potential price recovery to $250.

An increase in open interest and spot demand signals the return of buyers into the market.

Institutional demand for SOL rises with $390 million in cumulative ETF inflows, driven by investors’ excitement for future Solana ETF launches.

Solana (SOL) weekly chart suggests that SOL price may have formed a bottom near $130, a setup that could help SOL price recover toward $250 in the weeks ahead.

SOL’s price action since Nov. 11 has led to the appearance of a V-shaped recovery pattern on the four-hour chart. This follows a sharp drop that saw SOL price fall 25% from a high of $173.

Bulls bought the dip following this drop, resulting in a sharp recovery to the current levels. The relative strength index (RSI) has increased to 50 from 28 since Nov. 13, indicating increasing upward momentum.

Related: ‘Very wide gap’ between XRP and Solana investor interest: ExecAs the price attempts to complete the V-shaped pattern, it could rise further toward the pattern’s neckline, located around the $170 supply zone, representing a 22% climb from the current price.

Zooming out, the weekly chart reveals strong support for the SOL/USD pair at $130, as shown below.

Previous rebounds from this level have triggered massive price rallies: a 108% increase to $265 from $127 between September 2024 and November 2024, and a 98% rally to $250 from $130 between June 2025 and September 2025.

Source: CoinTelegraph