Bullish sentiment around Solana intensified after strong ETF inflows and a shift in trader positioning lifted prices during the day. According to CoinMarketCap, Solana [SOL] traded at $142, up 12.05%, as the rally pulled the asset toward a bullish pattern neckline.
Solana Spot ETFs hit record inflow
The bullish momentum in SOL was further strengthened by U.S. Solana Spot Exchange Traded Funds (ETFs), which recorded a heavy inflow following an outflow on December 1, 2025.
According to SoSoValue, Solana ETFs saw a Total Net Inflow of $45.77 million on the 2nd of December, indicating strong demand and rising interest among Wall Street investors.
Source: CoinGlass
Another metric supporting SOL’s upside momentum was a notable surge in Open Interest (OI), according to CoinGlass. According to recent data, over the past 24 hours, the altcoin’s OI has surged in double digits, marking a 10.61% jump to $7.40 billion.
Rising OI along with the price suggests a strong bullish trend, indicating that new money is entering the market and the upward movement is likely to continue.
Double-bottom setup on daily chart
AMBCrypto’s technical analysis indicated a developing double-bottom on the daily timeframe, with price hovering near the neckline. A daily close above $145 could trigger a measured move toward $169, roughly a 16% advance.
Source: Trading View
The Average Directional Index stood at 41.77, indicating strong trend momentum.
Traders’ strong bets on long positions
Traders with long positions appeared to be following the prevailing trend, as long bets continue to rise. On an intraday level, $137.50 and $144.50 were the two major liquidation levels on the lower and upper sides, respectively.
At these levels, traders had built $210.97 million worth of long positions at press time and $87.74 million worth of short positions.
The intraday bets suggest that long-position traders were dominating the asset, with strong confidence that SOL’s price is unlikely to fall below the $137.50 level anytime soon.
Source: Coinglass
In addition to traders’ bets, a crypto analyst shared a post on X noting that SOL has firmly rebounded from the weekly support and EMA. The analyst added that SOL is currently forming a setup that could push it to the $160–$200 level in the coming days.
Source: X/Ultimae_Crypto
Final Thoughts
- ETF inflows of $45.77 million strengthened Solana’s rebound and lifted sentiment across Derivatives markets.
- SOL’s double-bottom pattern stays valid as long as the price holds above $137.50 support.
