Recent Solana price action suggests a potential bottom near $130, hinting at a future resurgence towards $250. This prediction is supported by several data points: increased open interest and spot demand signal market buyers’ return; institutional investment in SOL via ETFs continues to grow; and the network’s on-chain activity is improving. A V-shaped recovery pattern on the four-hour chart suggests a possible upward surge, while weekly chart analysis reveals strong support at $130, previously associated with price rallies of 108% and 98%. This combined with increasing open interest and positive funding rates for futures markets points to an upcoming rebound. Solana’s network metrics, like daily active addresses and transaction volume, are showing promising growth, further supporting the potential bullish outlook.