Picture of the author

Mr.Arshman

07/06 11:19

Solana’s 14% rally hits resistance: is $96 the nex

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥
$SOL pauses after a 14% weekly rally, but rising institutional interest, strengthening derivatives data, and growing on-chain activity continue to support the case for further upside. While the recent rally has temporarily stalled around the $81.63 resistance level, improving institutional participation, stronger derivatives positioning, and expanding on-chain activity suggest the broader bullish trend remains intact. As long as $SOL continues to hold above key support levels, the cryptocurrency could be positioned for another attempt at higher prices. Institutional sentiment toward Solana appears to be improving. According to CoinGlass data, US-listed spot Solana exchange-traded funds (ETFs) attracted $5.8 million in net inflows during the previous week, reversing the prior week's $1.8 million in net outflows. The return to positive flows indicates renewed investor interest, and continued inflows could provide additional support for $SOL in the weeks ahead. Network activity continues to strengthen across the Solana ecosystem. According to Solana's official X account, tokenized asset spot trading volume reached $5.7 billion during the second quarter, more than doubling from $2.7 billion recorded in the first quarter. https://twitter.com/solana/status/2073875822679920892 The increase reflects growing adoption of tokenized assets on the network while highlighting expanding institutional participation and increasing demand for Solana-based applications. The derivatives market also reinforces the bullish narrative. Solana futures Open Interest (OI) climbed to $5.8 billion over the weekend, marking its highest level since mid-May before easing slightly to approximately $5.6 billion on Monday. Higher open interest typically signals increasing trader participation and growing conviction behind the prevailing market trend.
ЛайкПоделиться

Все комментарии0НовыеВ тренде

avatar
НовыеВ тренде