Altcoins News
By Evie Vavasseur
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Funding Rates and Open Interest Signal Growing Confidence. One of the clearest signs of mounting bullish conviction comes from Solana’s derivatives market.
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Short Sellers Get Squeezed Around $185. Another key development is the liquidation activity in recent days.
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Falling Spot Volume Raises Questions—but Sentiment Stays Strong. While derivatives data paints a bullish picture, spot volume tells a more cautious story.
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Key Technical Levels to Watch. From a technical perspective, Solana is currently hovering above a crucial support…
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Conclusion: Is Solana’s Next Surge Imminent?. All signs point to Solana preparing for a breakout, with derivative metrics and liquidation data…
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Solana (SOL) is once again at the center of market speculation after flashing a strong bullish pattern and testing a key resistance zone. Despite a slight dip in price to $176.
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The price action has brought SOL to the crucial resistance zone between $180 and $210—a level it has not breached in months.
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Additionally, Open Interest (OI) surged by over 8%, rising to $7.86 billion. This increase suggests traders are increasing their exposure and putting real money behind their…
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Another key development is the liquidation activity in recent days. Data from major exchanges like Binance and Bybit reveals a sharp increase in short liquidations just below the…
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This imbalance strongly suggests that the price rally has caught many short sellers off guard.
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While derivatives data paints a bullish picture, spot volume tells a more cautious story. In the last 24 hours, Solana’s spot trading volume dropped by over 30% to $13.99 billion.
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However, sentiment remains positive despite the lower spot volume. Traders appear to be shifting toward leveraged plays in the derivatives market, suggesting that speculation is…
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From a technical perspective, Solana is currently hovering above a crucial support level—specifically, the 0.382 Fibonacci retracement level at $183.67.
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If bullish momentum continues, and volume returns to support the move, the full extension of the current pattern could even push the price toward $302.85 in the medium term.
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The Relative Strength Index (RSI) currently sits around 55—suggesting neutral momentum with room for growth.
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