When 21Shares Fled, SOL Bulls Stood Their Ground 🤪

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So, get this: Solana price was chilling, like, way above $135 on some day, right? Nov. 29, if you must know. Despite the drama of 21Shares peacing out its Solana staking ETF because apparently, they couldn’t handle the red-tape tango, SOL managed to finish the week with a oh-so-tame 6% gain. 📈😅

Solana open interest creeps up 1.7% as 21Shares throws in the towel on its SOL ETF dreams. | Source: Coinglass

And the bull traders? Oh yes, these guys find any dip in price like a free meal ticket. Coinglass shows open interest rising 1.7%, even as SOL took a tiny 1.25% nosedive during the day. That’s $12.5 million in notional leverage being piled onto a $135 support level, just in case you care. Because who doesn’t love numbers? 🤷‍♂️

Meanwhile, Solana’s funding rate got all snotty and flipped from negative to positive, landing at 0.0027% on an 8-hour timer. Basically, bulls are paying extra to keep their bets open. Because, why not? 🙄

Last, but by no means least, the long-to-short ratio? Oh, it’s clinging to 1.0, like a life raft. Which just means all these bullish heroes are covering aggressively. No shorts getting their feet wet here.

Solana ETF Flows snapshot: Nov 28, 2025 | Source: FarsideInvestors

Let’s talk about ETF flows. All actively traded Solana ETFs closed the week speckling the books positive, welcoming $5.3 million inflows on Friday. Just like that, Thursday’s $8.3 million outflow was history, and as if that SEC nod in February wasn’t enough. It seems traders think this whole 21Shares thing will just, poof, vanish. Because optimism, right? 🙇‍♂️

Solana Price Forecast: Can Bulls Confirm the Falling Wedge Breakout Toward $220?

So Solana, yes, it’s still playing in its cozy falling wedge. You know, that super dusty “bullish reversal” pattern where the lines draw closer and closer. A breakout is when it peeks above the top line-like if you were in a treehouse and calling bull to your dog below, I guess.

The price is lounging between $135-$136, figuring out if it should get really friendly with the KC midline or take a dirt nap. The MACD is there, insinuating things might get interesting, since uptrends apparently like positive things. 🎉

Solana (SOL) Technical Sorcery | Source: TradingView

Let’s say you’re reading this from a time machine in 2025. The falling wedge suggests there’s a 62.24% chance for SOL to skyrocket to $220 if it gets the guts to break free over $150. But if it freaks out, oops, downgrade to 29.13% chance of retesting the $120 comfort zone. Safety first! 🤯

Breaking free above $143.10, followed by a leap over $150-$152, and it’s all systems go for the $200-$220 major league target. The bulls hope this happens as they eye that high ceiling, like people staring at their ceilings at 3 am thinking about cake. 🎂💤

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2025-11-30 03:54