Solana’s rebound from $130 support suggests a potential price recovery to $250, driven by increased open interest and spot demand signaling buyers’ return. Institutional demand for SOL rises with $390 million in ETF inflows, anticipating future Solana ETF launches. SOL’s V-shaped recovery pattern could lead to a 22% climb to $170 and an 80% increase to $250. The RSI reaching oversold conditions may signal significant price reversals, with SOL potentially rising to $180-$200 if the 20-day EMA at $160 is reclaimed. Solana’s futures market sees a 5% increase in open interest to $7.3 billion, along with a shift to positive perpetual funding rates, indicating a potential short squeeze. Increasing OI and rising funding rates signal demand in the futures market, with net taker volume turning positive and spot CVD rising, reflecting a healthy setup. Solana ETFs attract $390 million in cumulative inflows, with VanEck’s ETF launching and more expected, backed by strengthening network metrics and onchain data showing long-term strength.

Read more at Cointelegraph: Solana Price Might Have Bottomed At $130: Data