- SOL regains short-term strength as buyers defend key support and form higher lows.
- Leverage cools sharply, yet active open interest signals sustained trader engagement.
- Persistent outflows show cautious sentiment, limiting momentum until stronger bids return.
Solana is showing its first coordinated signs of stabilization after several weeks of pressure that pushed the token into repeated retests of lower ranges. The market has begun to form a more structured setup as buyers attempt to reclaim short-term control. The latest 4-hour signals show SOL trading back above the $140 region, which has acted as an important turning point in recent sessions.
This shift comes as traders evaluate how its narrowing structure, declining leverage, and persistent outflows may influence the next leg of movement. The broader outlook now hinges on whether buyers can keep price above key support layers long enough to challenge major Fibonacci levels during December.
Short-Term Structure Improves as Buyers Defend $138–$140
Solana moved into the Donchian and EMA bands after clearing the 0.236 Fibonacci level. Analysts note that this return signals an early attempt to rebuild momentum. Moreover, the market printed a series of higher lows, which strengthens the argument for a developing trend reversal.
SOL Price Dynamics (Source: TradingView)The $138–$136 zone remains the closest support area. Holding this region keeps the short-term recovery intact. Additionally, the deeper $133 pivot offers a final protective boundary before the path reopens toward the $121 swing low. A break below that level would erase the recent progress and shift sentiment again.
On the upside, the $142–$144 cluster continues to reject strong attempts. A decisive close above this area could unlock a broader move toward the higher retracement layers. Analysts outline the next targets at $153, $163, $173, and later $187 if momentum builds.
Open Interest Declines but Still Shows Engagement
Source: CoinglassSolana’s futures positioning shows a cooling market after months of expansion. Open interest surged above $16.5 billion during the September rally as price advanced toward $250. However, leverage has eased since then. The latest reading stands near $7.27 billion.
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This decline indicates that traders reduced risk after the peak. Consequently, the derivatives market looks more balanced. Besides, open interest remains well above mid-year levels, signaling continued participation and room for renewed activity if momentum returns.
Outflows Weigh on Sentiment Despite Stabilization Attempts
Source: CoinglassMarket flows reveal consistent outflows across the observed period. Most sessions recorded negative netflows above $50 million, signaling cautious behavior from large holders. Moreover, the latest data shows a $21.76 million outflow while SOL traded near $139.
These outflows highlight a market still searching for strong accumulation. Hence, a reversal will likely need sustained buying from both spot and derivatives markets as December begins.
Technical Outlook for Solana Price
Key levels for Solana remain clearly defined as traders assess recovery prospects.
- Upside levels: $142 and $144 stand as the first hurdles, followed by $153 at the 0.382 Fibonacci level. A breakout above this zone could extend toward $163 and $173, with $187 marking the final barrier before a full trend reversal.
- Downside levels: The $138–$136 support zone forms the immediate defensive area, followed by $133 as a deeper pivot. A breakdown below $133 exposes the $121 macro low.
The broader structure shows Solana compressing between rising higher lows and a multi-week resistance band. This narrowing pattern suggests that volatility may expand sharply once price picks a direction. Traders consider the reclaim of $140 significant because it restores short-term momentum inside the EMA ribbon.
Will Solana Push Higher?
Solana’s short-term trajectory depends on whether buyers continue to defend the $138 region. A sustained hold above this area increases the chance of a retest of the $142–$144 resistance cluster.
Clearing these levels with strong volume could unlock a move toward $153 and later $163 as momentum strengthens. Historical behavior during similar compression phases often led to sharp continuation rallies once price broke the midpoint of the range.
However, failure to hold $138 raises pressure on the deeper $133 support. Losing that level would compromise the current recovery and reopen the path to $121. For now, Solana sits in a critical zone where both inflows and technical confirmation will determine the next trend.
Market sentiment shows improving stability, but conviction remains uneven as outflows persist. Despite this, steady open interest at elevated levels signals that trader participation remains strong. If inflows return and price secures a close above $144, Solana could shift decisively into a recovery phase.
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Source: https://coinedition.com/solana-sol-price-prediction-can-buyers-hold-the-line-above-140/
