$5.54M Spot Inflows Support Rising Trendline as Open Interest Surges 4.82%

• Solana trades at $145.42 after defending rising trendline support, with $5.54 million in spot inflows signaling accumulation despite pullback from $148 highs.
• Open interest jumps 4.82% to $8.72 billion while volume surges 15.52%, showing new leveraged positions entering as traders position for breakout.
• Long/short ratios hit 2.69 on Binance top trader positions, but price faces resistance at 100-day EMA ($148.99) and 200-day EMA ($160.40).

Solana price today trades near $145.42 as the token consolidates after pulling back from recent highs near $148, while defending a rising trendline that has guided price higher since December lows. Spot inflows of $5.54 million and surging open interest show traders are accumulating despite the retreat, creating a setup where the trendline defense could precede another leg higher.

$5.54M Inflows Show Accumulation On Dip

Exchange flow data shows $5.54 million in net inflows on January 14, marking positive accumulation as price pulled back from the $148-149 rejection zone. When spot inflows occur during consolidation rather than at peaks, it typically signals buyers are using weakness to add positions rather than chasing rallies.

The flow pattern throughout 2025 has been mixed, with sporadic large inflows during rallies and periods of distribution during corrections. The current $5.54 million inflow comes as SOL tests the rising trendline that has supported price since late December, suggesting participants view this level as attractive entry.

The inflows align with the technical setup showing the trendline acting as a buying zone. If accumulation continues and price holds support, the stage is set for another attempt at breaking the $148.99 resistance.

Open Interest Surges As Traders Position For Breakout

Futures data shows open interest climbed 4.82 percent to $8.72 billion, indicating new leveraged positions are entering the market. Volume surged 15.52 percent to $20.89 billion, confirming the activity is broad-based rather than isolated to a few large trades.

Long/short ratios reveal heavy bullish positioning. Binance accounts show 1.949 favoring longs, while top trader accounts hit 2.231. Most notably, top trader positions sit at 2.6918, showing professional participants are leaning aggressively long.

Related: Dash Price Prediction 2026: Evolution Smart Contracts and Privacy Surge Battle July 2027 EU Ban

Options volume declined 18.09 percent to $14.83 million, while options open interest edged up 0.62 percent to $495.57 million. The divergence between rising futures open interest and declining options volume suggests traders are using directional leverage rather than hedged structures.

The 24-hour aggregate long/short ratio sits at 1.0105, nearly balanced. However, the account-level skew toward longs at 2.69 on positions creates squeeze risk if price breaks the trendline. When leverage is stacked heavily on one side and key support fails, follow-through selling is typically amplified.

Rising Trendline Holds As EMAs Create Ceiling

The daily chart shows Solana defending a rising trendline that has supported price since testing lows near $116 in late December. The trendline currently sits just below price near $135-137, with the 20-day EMA at $135.60 providing additional support.

Key technical levels show:

• 20-day EMA: $135.60
• 50-day EMA: $137.34
• 100-day EMA: $148.99
• 200-day EMA: $160.40
• Supertrend: $127.97

SOL trades above the 20 and 50-day EMAs, showing short-term momentum remains bullish. However, the 100-day EMA at $148.99 and 200-day EMA at $160.40 create a resistance ceiling that has capped recent rally attempts.

The structure forms a rising wedge pattern where higher lows meet overhead EMA resistance. A breakout above $148.99 would flip the 100-day EMA to support and open a path toward the 200-day EMA at $160.40. Losing the trendline support would expose the 50-day EMA at $137.34 and potentially the Supertrend floor at $127.97.

Short Term Pullback Tests Parabolic SAR Resistance

The 30-minute timeframe shows Solana pulling back from rejection at $148-149, with the Parabolic SAR at $148.08 marking overhead resistance. The RSI reads 48.48, neutral after cooling from overbought conditions during the recent rally.

Price is consolidating between $144 and $146, creating a tight range as traders assess whether the trendline will hold or break. The pullback from SAR resistance shows short-term momentum has shifted from bullish to neutral, requiring buyers to step in and defend support.

Volume during the consolidation has been elevated relative to recent sessions, showing participation rather than thin trading. The next directional move will likely come when price either reclaims $148 or loses $144 with conviction.

Outlook: Will Solana Go Up?

The setup favors continuation if the trendline holds. If SOL defends $144 and reclaims $148 with volume, the structure shifts bullish. That would target the 100-day EMA at $148.99 initially, with further upside toward $160 and the 200-day EMA if momentum builds and the over-leveraged long positioning proves correct.

If price loses $144 and breaks below the 20-day EMA at $135.60, the trendline fails. That exposes the 50-day EMA at $137.34, with deeper correction toward Supertrend support at $127.97 if over-extended longs unwind and selling accelerates.

Holding $144 keeps the rally alive. Losing it triggers trendline breakdown risk.

Related: Pepe Price Prediction: PEPE Eyes Recovery as Support Holds and Market Activity Stabilizes