Key Moments
- Solana (SOL) trades 2% higher on Monday, building on an almost 3% gain from Sunday.
- Meanwhile, US spot ETFs focused on SOL recorded $41.08 million in inflows last week.
- In addition, a new privacy-focused hackathon offering $75,000 in rewards begins Monday.
Institutional Inflows and Privacy Push Support SOL
Solana (SOL) is moving higher at the start of the week. At press time on Monday, the token is up 2%, adding to Sunday’s nearly 3% rise. This move reflects steady institutional demand and growing developer interest.
Specifically, US-listed SOL-focused Exchange Traded Funds (ETFs) attracted $41.08 million in inflows last week. As a result, the market has now seen eight straight weeks of positive allocations. This trend suggests that institutions remain confident in the Solana ecosystem.
At the same time, Solana is pushing further into privacy-focused development. On Monday, the network launched “The Privacy Hack,” a new hackathon with a $75,000 prize pool. The event includes tracks for private payments, launch tools, and other privacy-driven projects. Submissions close on February 1, with winners announced on February 10.
$SOL is setting up beautifully right now, and I’m betting it outperforms the rest of the market.
When you look at the 4-hour exponential moving averages, they’re showing the strongest structure we’ve seen since last September, maybe even cleaner than that period.
For the time… pic.twitter.com/XvfxwkvfKm
— uncracked (@Cypherpunkgod) January 12, 2026
Derivatives Market Shows Rising Bullish Positioning
In parallel, derivatives data points to stronger trader interest. According to CoinGlass, open interest in SOL futures rose 4.90% over the past 24 hours. It now stands at $8.58 billion, signaling fresh capital entering the market.
Moreover, positioning favors the upside. The 24-hour long-to-short ratio sits at 1.0235, showing slightly more long positions than shorts. Liquidation data supports this view. Short liquidations reached $12.61 million, while long liquidations totaled just $2.14 million.
| Metric | Latest Reading | Comment |
|---|---|---|
| SOL price move Monday | +2% | Extends Sunday’s rebound |
| SOL ETF weekly inflows | $41.08 million | Eighth straight positive week |
| Futures Open Interest | $8.58 billion | Up 4.90% in 24 hours |
| Long-to-short ratio (24h) | 1.0235 | More longs than shorts |
| Short liquidations (24h) | $12.61 million | Higher than long liquidations |
| Long liquidations (24h) | $2.14 million | Limited downside pressure |
Technical Landscape: Bulls Eye $150 and Beyond
From a technical view, Solana shows renewed strength. SOL trades above the 50-day Exponential Moving Average at $136. In addition, price has moved past the daily R1 Pivot Point near $142.
As momentum builds, SOL is drifting closer to the $150 zone. The Supertrend indicator has flipped to a buy signal, which often marks the start of a new upward phase. However, bulls still face resistance near $145. This level has capped gains since mid-November.
If SOL posts a daily close above $145, upside momentum could accelerate. In that case, price may test $150 next, followed by the R2 Pivot Point near $159.
Momentum indicators also support the bullish case. The Relative Strength Index stands at 63 and continues to rise. Meanwhile, the MACD remains above the zero line, with green histogram bars expanding. Together, these signals point to strengthening buying pressure.
Downside Levels to Watch
Still, risks remain. If Solana fails to hold above resistance near $146, price could turn lower. A drop below the 50-day EMA at $136 would weaken the setup.
In that scenario, the December 18 low at $116 becomes the next key support level. Traders will likely watch this area closely if selling pressure increases.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
