Solana is holding steady with rising market attention, with new funding news and recent technical advancements. A substantial equity programme from a leading treasury corporation has strengthened confidence about long-term prospects for the network. Analysts suggest SOL is positioning itself for a future surge.
At press time, SOL is trading at $ 235.72 with a 24-hour trading volume of $ 19.85 billion and a market cap of $ 128.00 billion. SOL price increased 1.48% in the last 24 hours, but overall sentiment regarding the network remains positive.
According to data shared by SolanaFloor, Forward Industries, a top Solana treasury company, has launched a $4 billion at-the-market equity offering program to support its SOL strategy, work capital, and growth projects. It came a few days after it bought 6.8 million SOL.
Adding to the optimism, crypto analyst BitGuru highlighted Solana’s stellar technical performance. From his analysis, SOL has only confirmed a double bottom breakout supported by two subsequent whopping rallies of 20% and 14%. The upside momentum took the token to $249.60, only to be capped by supply at that location.
Currently, the market holds SOL flat near its $236 support level, a point technicians believe could be a springboard to where it moves next. If buying momentum continues to build steam, SOL could once again threaten higher resistance barriers and attempt to set new near-term highs.
Also Read | Solana Bullish Setup Signals Possible $270–$300 All-Time High Retest
SOL’s futures market is staying on a steady track with open interest rising 0.78% to $16.09 billion and volume increasing 11.09% to $21.68 billion. The chart illustrates how volume and open interest have been increasing with SOL’s price to signal rising participation by investors and new money flowing into the market.
The OI Weighted is at 0.0006%, so leverage is relatively low relative to open interest. This means that despite activity picking up, investors are taking positions more cautiously with less risk of quick liquidations. The chart registers steady positive OI Weighted signals, indicating healthy accumulation rather than speculation.
Also Read | Solana Price Analysis: Can SOL Surpass $294 and Hit a New All-Time High?
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