#MarketUptober
đ Solana (SOL) Hot News Alert đ
đ¶ Futures Surge, Institutional Interest Peaks
Solana futures open interest has hit a record $2.16 billion as institutions pile in ahead of a possible ETF decision.
đ¶ Targeting $520?
Analysts believe that if SOL secures a weekly close above $260, it could kick off a sustained rally toward $520.
đ¶ ETF Rumors + Firedancer Upgrade
Momentum is building around possible SOL ETF approvals this month, alongside the much-anticipated Firedancer upgrade (which could boost validator throughput).
đ¶ But Holders Are Taking Profits
Despite the rally, long-term SOL holders are selling at a 7-month high, showing some lack of conviction behind the rally.
Also, new address activity is at a six-month low, which may signal fewer fresh inflows.
đ¶ Short-Term Pullback Risks
If SOL fails to flip $232 into support soon, it could dip back toward $221 or $214 â undoing some gains.
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> đ„ SOL Hot Update đ„
SOL futures just hit a record $2.16B open interest, signaling big institutional bets.
If SOL closes above $260 weekly, bullish analysts see a path toward $520!
But watch out â long-term holders are taking profits, and weak address growth might cause hesitation.
If $232 doesnât flip into support, SOL could retest $221 / $214.
Are you bullish on SOLâs next move? đ
