Key Notes
Solana price holds above $135 despite 21Shares withdrawing its SOL staking ETF application.
Derivatives data shows $12.5 million in bullish leverage added as traders counter bearish headlines.
Solana ETFs swung back to $5.3 million inflows on Friday, signaling improving sentiment after Thursday’s $8.3 million drawdown.
Solana price found firm support above $135 on Saturday, Nov. 29, positioning the asset to close the week with roughly 6% gains despite bearish sentiment triggered by 21Shares withdrawing its Solana staking ETF application, citing challenges in completing regulatory obligations.
The falling wedge projection on the SOLUSD daily price chart shows upside potential of 62.24%, targeting the $220 level, if a confirmed breakout occurs above the wedge’s upper boundary near $150. Conversely, downside risk is marked at 29.13%, referencing a potential retest of wedge support near $120.
On the upside, a daily close above $143.10 followed by a breakout above $150–$152 would complete the falling wedge structure. If this occurs, Solana could accelerate toward the $200–$220 measured-move target.
