- Weekly SOL/USDT structure shows bearish momentum, rejection at supply zone, and a potential drop toward the major 78–60 USDT demand.
- 2-hour SOL chart displays descending trendline compression, higher lows, and possible breakout targeting 170–175 USDT if momentum strengthens.
- Institutional interest grows as Bitwise Solana ETF accumulates over $13 million, signaling long-term demand and reinforcing market confidence in SOL.
SOL/USDT has been under close observation as weekly and intraday charts display contrasting momentum. Market data shows recent rejections and support tests influencing price direction. Analysts remain focused on supply and demand zones, liquidity sweeps, and institutional activity shaping Solana’s short- and medium-term performance.
Weekly Market Structure and Downside Targets
On the weekly timeframe, SOL’s structure indicates a shift from bullish momentum toward deeper corrective territory. Recent price action rejected a red zone, a supply area consistent with previous lower-high levels.
This rejection pushed SOL below mid-range structure, suggesting continued weakness.Two downside levels stand out: 95.19 USDT, which aligns with intermediate support and SSL areas, and a broader green demand zone spanning 78–60 USDT.
The market is expected to sweep liquidity below 95.19 before moving toward the major demand block. This area previously served as an accumulation zone during SOL’s 2023–2024 rally.
Weekly candles display long upper wicks and growing sell pressure. The lower high beneath the 264.64 resistance confirms a bearish trend. Unless SOL reclaims the red supply zone, bearish continuation remains likely.
The weekly chart indicates corrective rallies are probable, while downside targets remain open.
Short-Term Trendline Compression
On the 2-hour chart, SOL has formed a descending trendline guiding price lower throughout November. Each upward attempt has faced resistance, confirming bearish control.
However, recent microstructure shows higher lows beneath the trendline, suggesting compression.The chart suggests a potential breakout targeting the 170–175 USDT zone.
This follows a liquidity sweep near recent lows, which could fuel upward momentum if buyers intervene. Candle analysis shows reduced selling pressure and attempts to reclaim the diagonal barrier.
Failure to break above the trendline may trap SOL in its downtrend, however a breakout could initiate a short-term bullish phase. Analysts further noted that trendline retests and compression could precede strong directional moves.
This therefore makes upcoming sessions critical for price confirmation.
Institutional Accumulation and ETF Activity
Institutional interest in SOL has increased, with the Bitwise Solana ETF acquiring $13.15 million in recent inflows. Significant transfers from Coinbase and Fireblocks custody wallets indicate structured accumulation.
Additional smaller transfers over the past two days reflect consistent institutional engagement. ETFs typically accumulate assets for long-term holding rather than short-term trading.
This accumulation could support price stability or moderate upward movement during market uncertainty.The transfer activity signals growing confidence in Solana’s asset-class maturity.
Sustained inflows into BSOL ETF custody wallets suggest long-term demand, reinforcing Solana’s position within institutional portfolios.
