Solana Bulls Charge: $140 Next After ETF Lifts SOL Above $135?
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See what traders are focused on
- Solana shot up a massive 6% in the past day amid launch of Volatility Shares’ SOL ETF.
- Solana futures Open Interest soared to highest levels since October 2024, to $2.7 billion.
- The $94, $97, and $100 price levels collectively hold a whopping 3.5% of the SOL token’s supply.
Solana (SOL) has seen a significant surge over the last 24 hours, surging 6% to reach $135, according to data from CoinMarketCap.
This price rally comes as optimism builds around the upcoming launch of a Solana futures ETF by Volatility Shares, which is set to debut on Thursday.
Why Has Investor Interest in Solana Spiked?
As a result, investor interest has spiked, with daily trading volumes soaring by 74.71% to over $3.63 billion.
Crypto analyst Ali Martinez pointed out on X that Solana’s futures Open Interest has climbed to $2.7 billion, levels not witnessed since October 2024.
This resurgence in the derivatives market highlights increasing participation from both traders and investors.
Related: Solana at 5: Impressive Growth, But Future Hinges on Firedancer
Key Support Levels Holding Solana’s Price
…The post Solana Bulls Charge: $140 Next After ETF Lifts SOL Above $135? appeared first on Coin Edition.
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