Solana (SOL) Rebounds 5.25% in 24 Hours: ETF Tailwinds and On-Chain Revival Fuel Optimism

2025-11-27 07:00:47

Solana (SOL) has staged an impressive recovery over the past 24 hours, rising from an oversold low of $129 to the $136–$140 range, currently trading at $136.55 — up 5.25% in 24 hours, according to CoinGecko and CoinMarketCap data. Trading volume reached $4.73 billion (down 16% from the prior day), while market cap remains firmly above $76 billion, holding the #6 spot.

Key Highlights Driving the Rebound

Hong Kong Approves First Spot SOL ETF The Securities and Futures Commission of Hong Kong (SFC) green-lit the territory’s first spot Solana ETF, joining Canada, Brazil, and Kazakhstan in offering regulated SOL exposure. This widens the gap with the still-waiting U.S. market and boosts institutional confidence.
Bitwise SOL Staking ETF (BSOL) Crosses $500 Million AUM in 18 Days U.S. spot Solana ETFs recorded $127.9 million in net inflows last week, with Bitwise’s staking-enabled BSOL becoming the fastest-growing SOL ETP in America.
Sunrise Gateway Launch by Wormhole Labs Within 48 hours of Monad (MON) launch), Wormhole’s new “Sunrise” cross-chain gateway bridged Monad assets to Solana, further expanding interoperability and liquidity.
On-Chain Metrics Turn Bullish
- Sunrise DeFi recorded $131 million total volume and 360,000 trades from 21,000 unique traders in just 48 hours post-MON launch.
- New wallet creation on Solana spiked, signaling fresh retail interest.
- RSI recovered from extreme oversold (8) to neutral territory.

Technical Outlook: Cup-and-Handle Formation Taking Shape

SOL has broken above its multi-week descending trendline with expanding volume and a MACD bullish crossover. Analysts point to a classic cup-and-handle pattern targeting $150–$175 short-term, with potential to retest the all-time high near $210 if momentum sustains. Immediate support sits at $132, with a weekly close above $140 widely seen as confirmation of trend reversal.

Risks Remain

Forward Industries liquidated 1.727 million SOL (~$219.3 million), raising concerns about concentrated institutional selling.
Proposed anti-inflation measures could compress staking yields, impacting validator profitability.

Market Sentiment

KOLs such as SaintAceAI are calling this a “generational setup,” while community engagement and likes on Solana-related posts have surged past 200+ per major update. Futures data shows long positions rebuilding and short liquidations adding fuel to the upside.

In summary, Solana’s 5.25% rebound to $136.55, combined with Hong Kong’s spot ETF approval, record U.S. staking ETF inflows, and explosive on-chain activity, has reignited bullish momentum. While risks from large holder sales persist, the confluence of regulatory tailwinds and technical strength positions SOL as one of the strongest large-cap performers heading into year-end.

SOL-4.05%

MON-9.87%

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