Solana (SOL) has gone up by 5% in the past 24 hours and is approaching the $140 level as cryptos seem to be ready to recover after a few losing weeks.

This top altcoin has lost nearly 30% of its value in the past 30 days, even though it traded for more than $200 just a couple of months ago.

The market has been quite volatile as a result of President Donald Trump’s hostile trade policies and uncertainty concerning the Federal Reserve’s interest rate decisions.

Solana seems to have found support at $130 after a cascade of liquidations hit the market on October 10 initially and then after the last FOMC meeting, as the head of the Fed questioned the certainty of an interest rate cut in December.

Not a single day of outflows on the spot $SOL ETF

Absolutely wild!! pic.twitter.com/IkxHsFlkZK

— Lark Davis (@TheCryptoLark) November 24, 2025

Now, the market seems to be confident that the U.S. central bank will lower rates as expected, following a strong jobs report for September, whose publication was delayed by the U.S. government shutdown.

The launch of multiple SOL-linked exchange-traded funds (ETFs) could favor a bullish Solana price prediction. The combined assets held in these products are already nearing $1 billion. The largest of the all at the time of writing is the Bitwise Solana Staking ETF (BSOL), whose asset under management (AUM) has rapidly jumped to $567 million.

High staking rewards above 7% are the most attractive feature of this ETF. This may help it draw significant interest from institutional investors and could push to increase the demand for SOL in the near term.

Solana Bounces Off $130 and Momentum Readings Improve

The daily chart shows that Solana bounced off a key trend line support that was also in confluence with a demand area that was relevant months ago.

Trading volumes increased as the token hit the $130 level, reflecting growing interest from investors at this price zone.

The launch of multiple ETFs could put pressure on Solana to stay afloat as institutions are now actively participating in the supply and demand dynamics.

In addition, the launch of big treasuries could have contributed to shrinking the token’s available supply. This sets the stage for a supply shock if the price keeps rising over the next few days.

An early buy signal in the Relative Strength Index (RSI) could be indicating that positive momentum is accelerating as the oscillator jumped above its 14-day moving average.

Although it is still too early to tell if this will lead to a full-blown recovery, this is a positive sign. The key area of resistance to watch that could confirm the beginning of an uptrend stands at $150.

This is Solana’s previous lower low. If the price rises above this level, the market’s bearish structure will be invalidated, favoring a bullish outlook for the next few weeks.

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