Solana Targets $145 as Bullish Signals Stack Up Across Markets

Solana’s (SOL) latest rally is catching eyes—and not just on the price chart. The token is trading near $140, putting the $145 barrier firmly in view, but what’s really noteworthy is the alignment of bullish positioning across institutional and retail traders alike.

The Institutional Case Strengthens

Money managers aren’t sitting on the sidelines. Solana-focused ETF products have seen four consecutive days of net inflows, with $16.54 million flowing in on a single day—the largest single-day injection since early December. This kind of consistent buying from the institutional side signals more than just price-chasing; it suggests conviction that the recent pullback has created an entry point worth exploiting.

The numbers tell the story. Over the same period, the network’s Total Value Locked climbed nearly 2% to $8.984 billion, while stablecoin liquidity expanded by roughly 3% to $15.586 billion. More cash on-chain means more fuel for trading—and that matters when positioning shifts toward the bullish side.

Derivatives Markets Go “Risk-On”

The clearest signal is coming from the futures market. Aggregate open interest across SOL derivatives has jumped to $7.26 billion, up 2.89% in a single day. More tellingly, this rise in open interest is happening alongside rising prices—a textbook setup that fresh capital is entering the market to bet on continuation.

Sentiment among active traders has flipped hard. The long-to-short ratio surged to 52.55%, up from 44.83% just days earlier. The OI-weighted funding rate sits positive at 0.0224%, meaning long-positioned traders are actually paying shorts to maintain their exposure. That’s the kind of conviction you see right before a breakout.

The liquidation data backs this up: short liquidations hit $9.64 million over the last day, while long liquidations totaled just $5.20 million. The tape is screaming “buy.”

Technical Setup: The $145 Question

On the chart, SOL is at an inflection point. The $145 level—anchored by November’s high—is the critical gatekeeper. Clear daily close above it opens the door to the 50-day EMA at $152 and the 200-day EMA at $172. Momentum indicators like RSI (48) and MACD are recovering from oversold readings, suggesting the technical setup is gradually turning constructive.

Support remains anchored at $126, with a deeper floor at $95. The token has already shown three consecutive winning sessions, grinding higher from the $121–$145 consolidation range.

The Caveat

Current data shows SOL trading at $122.95 with a -1.16% 24-hour move—a reminder that short-term volatility remains real. Liquidation history suggests plenty of traders are leveraged at these levels. Until SOL actually closes above $145 on the daily chart, this is still setup territory, not confirmation. Watch the funding rates; if they spike too high, it often precedes a flush.

The institutional money is positioning, derivatives traders are stacking longs, and the on-chain liquidity is there. But $145 is where the narrative either confirms or breaks.