Solana’s futures open interest has hit 5.75 billion USD, marking over 50% higher demand than XRP derivatives. Traders managed to hold the 140 USD support level for a week, the longest duration in two months, signaling optimism for SOL’s future performance.
Despite the current 4% decline in price, traders display confidence in possible SOL rallies given the persistent demand for bullish leveraged positions. Analysts suggest that if the expected Solana ETF receives approval by October 10, SOL’s value may reach as high as 200 USD.
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