Altcoins News
By Julie Binoche
1 / 15
Open Interest Surge Reflects Growing Trader Confidence. As of late May, Solana’s Open Interest (OI) climbed to $7.
2 / 15
Funding Rates Turn Positive: A Subtle Shift in Sentiment. Another encouraging development is Solana’s funding rate.
3 / 15
Bullish Divergence on Lower Timeframes. Technical indicators on the 4-hour chart offer further signs of a potential reversal.
4 / 15
Volume Trends Suggest Limited Selling Pressure. The On-Balance Volume (OBV) indicator, which tracks cumulative buying and selling volume, has…
5 / 15
Bitcoin’s Influence on Altcoin Recovery. As always, Solana’s next move will likely depend heavily on Bitcoin (BTC), which serves as a…
6 / 15
Key Levels to Watch
7 / 15
Final Thoughts: Early But Promising Signs for Solana. Solana’s current market structure suggests a possible turning point.
8 / 15
Solana (SOL) is showing renewed strength as bullish indicators emerge, hinting at a potential trend reversal after weeks of sideways movement.
9 / 15
As of late May, Solana’s Open Interest (OI) climbed to $7.72 billion, approaching its peak from January 2025 when the price hit a record high of $261.
10 / 15
The positive momentum in Open Interest began in March, tracking Solana’s broader recovery from a multi-week downtrend.
11 / 15
Another encouraging development is Solana’s funding rate. While it had been negative for a few days—indicating short-selling dominance—it has since flipped into positive territory.
12 / 15
Notably, the $152 support zone has held firm after acting as resistance just 10 days earlier.
13 / 15
Technical indicators on the 4-hour chart offer further signs of a potential reversal. The Money Flow Index (MFI), which measures buying and selling pressure, formed a higher low…
14 / 15
Following the divergence, Solana rallied by 3.7% in just eight hours. At the time of writing, the current 4-hour session remained green, further reinforcing the strength behind…
15 / 15
The On-Balance Volume (OBV) indicator, which tracks cumulative buying and selling volume, has returned to levels last seen in early May.
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