Solana rose slightly over the past day while most of the crypto market remained stable. SOL gained around 2.5% in the last 24 hours and was trading near $145 on January 14.
Coingecko data of the total crypto market cap showed the market at around $3.189 billion, down -0.72% from the previous day.
This suggests a calm context with only a few performing artists.
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What does Solana’s $8.7 billion futures open interest say about traders’ positioning?
CoinGlass data places Solana futures open interest at approximately $8.7 billion, with nearly $19.7 billion in futures trading volume over the past 24 hours.
The platform also recorded approximately $32.5 million in SOL liquidations during the same period.
ChallengeLlama showed approximately $4.69 billion in DEX trading volume on Solana over the past day.
Perpetual securities saw volume of around $1.76 billion, while investor open interest hovered around $361 million.
The dashboard also lists around 2.84 million active addresses and around 78 million transactions, indicating stable network usage even as the market as a whole struggles to move in one direction.
Analysts are also seeing signs that traditional finance is moving deeper into crypto.
Earlier this month, Morgan Stanley filed for ETFs linked to Bitcoin and Solana, suggesting that large institutions still want regulated exposure to major digital assets.
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Solana Price Prediction: Is SOL forming a trend reversal after holding $140 support?
Solana (SOL) is holding up well on the daily chart. The price has remained above a key support zone in the mid-$140s, even as the broader market remains volatile.
The chart shows a steady recovery from the December low near $118. Since then, SOL has built a clear series of higher lows in early January.
This move pushed the price towards the $145 area. This level mattered before. It broke down in November and now acts as resistance. The price stops just below after a sharp rise.
So far, buyers still appear to be in control. The withdrawals were superficial. Daily candles show limited selling near resistance.
This looks more like a rounding base and trend change than a quick, speculative spike.
Momentum remains constructive as long as SOL holds above the recent low around $135. If price closes above resistance daily, the next area to watch is between $155 and $160.
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Key takeaways
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Solana rose slightly over the past day while most of the crypto market remained stable. SOL gained around 2.5% in the last 24 hours and was trading near $145 on January 14.
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Solana (SOL) is holding up well on the daily chart. The price has remained above a key support zone in the mid-$140s, even as the broader market remains volatile.
The article SOL Bucks The Trend: +2.5% Up While Crypto Index Goes Nowhere appeared first on 99Bitcoins.
