\While the inflows into signal strong investor confidence, the price action of SOL has shown a lot of resistance. Most recently, an attempt by Solana to break through the $140 mark was met with heavy selling pressure that quickly pushed it back down toward $132. Meanwhile, futures data has presented an increase in short positions, especially around the $140 resistance zone, a signal that traders still expect further downward movement.
The aggregated open interest in futures hasn’t shown a significant change during Solana’s price swing between $130 and $140. It suggests that the rally didn’t see any fresh buying participation.
Although these are bearish indications, some analysts remain cautiously optimistic, indicating that Solana’s ability to hold supports around the $130 level could position it for a likely rebound. The key signal that bullish momentum may return would be a move above $140, but until then, the risk of further downside remains.