Main takeout:
SOL FUTURES public interest increases by 12%, showing strong institutional interests.
The probability of approval of the Spot Solana ETF increases from PolyMarket to 91%.
SOL PRICE BULL FLAG is for $ 335 on the weekly chart.
Solana (SOL) prices have risen 4.3% over the last 24 hours, trading at $ 165 on Wednesday. This is still 43%from the highest $ 294 ever reached on January 19.
However, according to some basic, on chain and technical indicators, SOL can continue to rise to the new all -time high of $ 330.
Solana’s public interest is close to a record high
SOL’s Wednesday price hike was accompanied by a leverage position, and the total openness (OI) of Solana futures (OI) is $ 7.55 billion, up 12% over the last 24 hours. This is a 20% increase from last week and up to 12% of $ 85.7 billion reached on January 19.
This reflects the strong adoption of the SOL derivatives, suggesting that institutional interest is increased and potential risks are introduced.
There is a high risk of forced liquidation when correcting SOL prices, but derivatives data indicate the possibility of further increase.
TVL rise and active solana address
Solana’s primary decentralized application metric began to show strength in April. The total value lock (TVL) of the network, which measures the amount deposited in the smart contract, has risen to the highest level at 56.8 million SOL since June 2022, reaching $ 9.1 billion.
There are other factors that increase the value of Solana and affect TVL. In order to check whether the use of DApp has increased effectively, investors need to analyze the number of active addresses in the ecosystem.
The number of Solana networks has increased by 38.5% over the last 24 hours. Positive performance can be seen in the top five DApps, and as shown in the chart below, UAW (UWS) has increased 77% -300%.
This suggests that interest in floor 1 ecosystem is increasing, raising the demand for SOL.
Solana ETF’s probability of approval increases to 91%
According to PolyMarket data, the possibility of the US Securities and Exchange Commission (SEC), which approved Solana Exchange-Traded Fund (ETF) in 2025, increased to 91%on Wednesday.
Powerful demand for various spot solana ETF applications, such as Vaneck, GrayScale, 21Shares, Bitwise, and Canary Capital Signal.
relevant: Société Générale launches the US Dollar Stabble Recoin in Ethereum and Solana.
ERIC BALCHUNAS, chief ETF analyst in Bloomberg, said the SEC could “act early” in Solana and stay the ETF submission to increase the probability of approval to 90%.
“Prepare potential Alt Coin ETF Summer with Solana.”
Prepare potential Alt Coin ETF with Solana. @jseyff This morning, there is a fresh probability for all branch ETFs. pic.twitter.com/umzih4oo7
-Eric Balchunas (@Ricbalchunas) June 10, 2025
The approval of this fund can unlock institutional capital, amplify the demand for SOL, and potentially increase prices, and some analysts can predict the target of $ 1,300.
SOL PRICE BULL-FLAG gives a hint for $ 335
SOL Price formed a bullet chart pattern on the weekly chart as follows.
Bull Flag Pattern is a strong setting that is formed after the price rises rapidly and then integrates the price within the down sloping range.
The bull flag is usually solved after the price goes beyond the top trend line and rises by the height of the previous rise. As a result, the top goal of SOL PRICE increases by 103% from $ 335 or current price.
Weekly RSIs are moving over the intermediate line and increased from 36 to 51 this week, increasing optimistic propulsion.
Cointelegraph reported that the SOL/USD pairs should first change the $ 190 resistance to new support to ensure recovery first.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.