Solana’s price recovery appears to be gathering pace after weeks of choppy trading. The token, which recently slipped below key levels, is now showing signs of stabilization supported by renewed investor confidence. Following a week marked by outflows in major crypto ETFs, Solana stood out with strong inflows, suggesting growing institutional interest. Between November 3 and November 7, spot Solana ETFs attracted $137 million, while Bitcoin and Ethereum ETFs recorded heavy outflows of $1.22 billion and $508 million, respectively. This divergence highlights Solana’s resilience amid broader market caution. Analysts Signal Buy as Solana Holds Key Support According to analyst Ali Martinez, the TD Sequential indicator has flashed a buy signal on Solana’s daily chart. This pattern often appears near exhaustion points after extended declines, suggesting that selling pressure may be fading. Price action has stabilized around $161, with a tight consolidation range forming between $157 and $165. Maintaining support near $150 remains crucial for confirming a potential rebound. If buyers manage to defend this level, the setup could validate a bullish continuation pattern. Source: X The indicator’s alignment with oversold conditions strengthens the likelihood of an upward reversal. A breakout above $170 would likely encourage further gains, signaling that bullish momentum has returned. However, a slip below $150 could extend the correction toward $142. Consequently, this zone remains a key pivot for short-term traders and institutional participants watching Solana’s technical structure. Breakout on Lower Timeframes Hints at Stronger Momentum Analyst curb.sol noted that Solana is breaking out on lower timeframes, targeting a move back to $200 or higher. The token recently cleared resistance around the $160–$165 zone, confirming a reversal structure. This shift suggests renewed confidence among buyers and may set the stage for a sustained rally. Sustaining price action above $165 could reinforce the bullish outlook, while strong volume on retests would validate the breakout’s strength. Market Data Reflects Renewed Strength Solana trades at $167.45 as of press time, marking a 5.91% daily gain despite a 5.67% decline over the week. Its market capitalization stands at $92.68 billion, supported by a 24-hour trading volume exceeding $5.3 billion.
