Solana Price Prediction: Dominance and Longs Turn Bullish

Solana is showing two fresh bullish signals as dominance tests a major support zone and long positioning starts to recover. Together, the charts suggest traders are watching for another move higher, although confirmation is still needed.

Solana Dominance Nears Key Support as Chart Points to Possible 3.6% Retest

Solana dominance has returned to a level that previously acted as a base before a sharp move higher. The chart shared by trader Don Wedge shows SOL dominance at about 2.01% after falling from a peak near 3.9%. Now, price action sits near the lower edge of a broad falling wedge, a pattern traders often watch for a possible reversal.

Market Cap SOL Dominance. Source: TradingView / Don Wedge on X

The main bullish argument comes from history on the same chart. In the earlier cycle, SOL dominance also moved inside a falling wedge, then broke out, paused in a sideways accumulation range, and later pushed much higher. This time, the chart suggests a similar structure may be forming again. The marked box in the previous setup highlights that pause before expansion, and the current setup appears to be testing whether another base can form.

In addition, the 2% area matters because it lines up with current support. If SOL dominance holds above that zone, traders may see it as confirmation that sellers are losing control. From there, the next major level on the chart stands near 3.6%, which is the level Don Wedge marked as a possible retest before October. That target also sits below the prior top, so it represents a recovery zone rather than a full breakout to new highs.

However, the chart still shows SOL dominance inside the wedge, not above it. Therefore, the bullish case remains conditional. A clean break above the upper trendline would strengthen the setup. Until then, the lower boundary remains the key level to watch. If SOL dominance drops below that support, the wedge idea would weaken and the projected move toward 3.6% could lose momentum.

Solana Long Bias Returns as Net Positions Recover While Open Interest Stays Elevated

Solana derivatives data shows bullish interest returning, although the setup looks more measured than a straight surge higher. The chart shared by CW shows net long positions ticking up again while open interest remains elevated after a recent pullback.

SOL / TetherUS PERPETUAL CONTRACT with Open Interest and Net Positions. Source: TradingView / CW on X

The strongest move already happened earlier in the sequence. Open interest jumped sharply, then eased from its local peak and started to flatten. At the same time, net positions also pulled back from a higher level. However, the latest candles in the lower panel show net longs stabilizing and edging higher again. That shift supports CW’s view that bullish exposure is rebuilding.

Still, the chart does not show open interest rising strongly at this exact moment. Instead, it shows that open interest remains relatively high even after cooling off. That matters because it suggests the market has kept a large amount of positioning in place rather than fully unwinding it. Meanwhile, the small rebound in net longs points to fresh bullish interest reappearing inside that still active derivatives structure.

As a result, the cleaner read from this chart is not that SOL is already in full breakout mode. Rather, traders appear to be rebuilding long exposure while overall market participation stays firm. If net longs continue to rise and open interest turns up again, that would strengthen the case for another leg higher in Solana.