2025-12-22 13:21:24

Solana has once again broken through the 127-dollar mark, and the momentum of the rise continues to be strong. The past week has been quite noteworthy, with institutional funds injecting 66.55 million dollars into the U.S. Spot ETF, the highest weekly level since entering December. From the data on-chain and from the exchange, large holders' appetite for the spot side has indeed not weakened.

But there is an interesting comparison here - the derivatives market is not so hot anymore. The leverage ratio continues to decline, which means that retail investors and small funds are not following the trend to increase leverage and go long. This phenomenon actually indicates that market sentiment is relatively restrained, without signs of excessive optimism.

From the perspective of candlesticks and indicators, SOL has steadily held the 200-week moving average as a long-term support, with 121 USD becoming a difficult bottom to break through. Various technical indicators are flashing green lights, and selling pressure is clearly diminishing. If this trend continues, the upward maneuvering space is expected to reach the position of 166 USD. The next step is to see if it can break through this resistance level.

SOL2,65%

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FarmHopper

· 2025-12-25 03:24

Institutions are accumulating, while retail investors are still on the sidelines. This rhythm is quite interesting. Holding above 121 for SOL is really stable, whether it can break through the 166 level depends on if it can really push through. Fewer people using leverage to follow the trend is actually a good sign, indicating it's not a crazy bull. Wait, did it break 127? I was just thinking earlier whether it needs to adjust. This wave of rise is quite solid, I haven't seen any signs of overheating, so it can still be watched further.

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GasFeeDodger

· 2025-12-23 01:27

Institutions are hoarding, and retail investors haven't followed the trend with leverage, this is truly a healthy way to rise, unlike the previous craziness. This wave of SOL feels really stable, it broke through 127 and hasn't dropped much since, the position at 166 is a bit precarious, we'll have to see if it breaks or not. In the past week, over 66 million has been injected into ETFs, this number is indeed pleasing to the eye, but we still need to see if it can be maintained. The bottom is being held firmly, there aren't any tricks, it's just a steady rise, I quite like this rhythm. Having surpassed 127, is the next target directly 166? Do you dare to believe it this time?

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MidnightSnapHunter

· 2025-12-22 13:50

Institutions are buying, and retail investors are not following the leveraged trend; this is a healthy rise, not that kind of false heat. SOL has been a bit stable this time; if it breaks 127 and can hold, let's see if it can eat through 166. Hey, what would happen if it really breaks through the range from 127 to 166? The resistance at 166 feels a bit tough; let's see if institutions still have supplies. Even with leverage gone, it’s still rising, which shows that the market sentiment is really there.

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CoinBasedThinking

· 2025-12-22 13:40

Haha, institutions are lying in ambush, and retail investors haven't reacted yet. This is the most comfortable rise. --- Feeling that 166 is still a bit far, need to see if the news supports it. --- 127 has broken so many times, why does it feel like nothing is happening? --- To put it plainly, it's just that Large Investors are secretly accumulating chips. A decrease in leverage is actually a good signal. --- Wait, isn't this a large holder preparing for the next wave? --- As long as the 200-week moving average is held, it will be stable. The rest depends on how the market maker plays it. --- Ah, it's another one of those "seems very stable" markets. What I'm most afraid of is a sudden plummet. --- I just want to know if there will be another pullback before 166. --- With the institution's funds so strong, will retail investors still dare to place short orders? I can't stop laughing. --- This wave is actually cleaning out the indecisive long positions, very healthy.

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AirdropHarvester

· 2025-12-22 13:35

Retail investors haven't dared to use leverage, while institutions are quietly accumulating, this trading is ridiculous. When institutions entered with 66 million that week, I was still hesitating whether to increase the position, and now I regret it immensely. The bottom is being protected like nothing else, it really feels stable. Whether it can truly touch 166 is still uncertain, but as long as I don't play people for suckers now, I've won. The high interest in Spot ETFs indicates that large funds are still optimistic about the long term. If you don't have confidence, you can't leverage; smart people are all accumulating. It has broken 127 so many times and still managed to rise, I really can't understand the technical aspects.

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