Retail and institutional sentiment align, with buy-side Futures activity supporting bullish expectations.
Short liquidations and stable funding rates hint at sustained upside without leverage overheating.
Retail and smart money sentiment toward Solana [SOL] have turned positive, with positioning and Futures activity now supporting the possibility of a renewed bullish breakout.
Trading near $145 at press time, Solana has seen a synchronized uptick in crowd and institutional sentiment. Market Prophit’s sentiment score for smart money was 1.79, while crowd sentiment remained slightly positive.
Additionally, the 90-day Futures Taker CVD indicator flashed a “Taker Buy Dominant” signal, suggesting consistent market buying pressure.
This convergence of sentiment across participants reinforces the strength of underlying demand, even as price remains confined within a narrow range.
Can retail confidence drive momentum?
Data from Binance showed that 74.83% of traders were holding long positions, while only 25.17% remained short. The Long/Short Account was at 2.97, highlighting a strong bullish tilt among retail participants.
This heavy long bias reflected growing confidence in a potential reversal.
However, such an imbalance may become a risk if price fails to deliver an upward breakout, as overly skewed positioning can lead to a rapid cascade of liquidations if market sentiment shifts abruptly.
Source: Coinglass
Funding Rates rise without a leverage spike
On Binance, Funding Rates for SOL/USDT perpetual contracts remained marginally positive, most recently printing at 0.001%. This indicated that long holders had paid a small premium to maintain positions.
Though this signals moderate bullish momentum, the absence of extreme funding spikes suggest that the current rally isn’t yet fueled by excessive leverage.
Hence, traders remain cautiously optimistic, and the market structure looks stable enough to support a gradual breakout rather than a volatile surge.
Source: Santiment
Hidden upside through repeated liquidations?
Liquidation data revealed a significant bias toward short liquidations. As of the 20th of June, total short liquidations reached $192K, compared to $1.21M in long liquidations.
Binance accounted for $68K of short liquidations, with OKX following at $102K. These figures imply that short sellers are frequently caught offside, contributing to upward momentum through forced exits.
This trend may persist if price gradually pushes higher, reinforcing the squeeze effect and supporting further upside.
Source: Coinglass
Is SOL’s price preparing for a breakout?
At press time, Solana remained range-bound between $140 and $152, trading just under the Bollinger Band mid-line at $152.01. MACD values are flattening at -3.26, suggesting weakening bearish pressure.
The price hugging the lower Bollinger Band with narrowing bands signaled reduced volatility, often a precursor to a breakout.
For bullish momentum to confirm, SOL must reclaim the 20-SMA mid-band and flip it into support. Until then, the market waits for a definitive direction.
Source: Trading View
Solana’s sentiment setup shows promising alignment between retail and smart money. The market structure remains healthy, with no signs of excessive leverage or euphoria.
However, a true breakout will depend on Solana’s ability to reclaim technical levels like the Bollinger mid-band.
Until then, momentum remains latent, but the foundation for a potential bullish move appears firmly in place.