- Solaana election activity rises, but haus -like audience and the feeling of the derivative remain strong.
- Breaking $ 160 can trigger rapid upward direction, while failure risks withdrawing to $ 142.
Solana (sun) Has seen significant election activity recently, with a choice that moves $ 135,000 worth $ 15.72 million to exchange in the last nineteen days.
Despite these large transfers, however, the feeling remains firm, both among retailers and smart money.
At the time of writing, Solana traded at $ 150.81, which reflected a profit of 2.48% over the past 24 hours.
Despite concern about choosing election sales, market participants continue to show strong confidence in Solana’s view.
Derivate market overview – hiding the rising volume mixed signals?
Solana’s derivative market has shown a remarkable growth, with trade volume increased by 9.32% to $ 11.64 billion.
In addition, the alternative volume nailed greatly by 69.25%, which indicates increased speculative positioning in the option market. However, open interest (OI) dipped by 4.85% to $ 5.60 billion, a sign that some leverage positions may have been closed.
Therefore, while the overall marketing activity is heated, the open interest rate fall introduces a small precautionary note. This suggests that not all participants add new positions aggressively under the current rally.
Source: Coinglass
SoL -financing interest rate analysis – is the feeling neutral or something hausse?
The financing frequency (FR) Dynamics adds another interesting stock to the current image.
At the press time, the OI weighted was close to neutral, at about -0,0006%, while Binance’s FR was somewhat positive at 0.006%. Therefore, there is no strong short -circuit pressure that is weighed at Solana’s price at the moment.
In addition, the mild positivity means that buyers are not yet over -drawn. This balance supports the idea that Solana could maintain its speed without meeting an immediate wave of forced liquidations.
Source: Santiment
Technical Price Structure – Is Sun on the way to breaking $ 160?
Solana’s price structure shows remarkable strength after jumping from support and collecting the parabolic SAR to $ 142.25. At the time of writing, Solana maintained a firm grip on the SAR support.
In addition, the relative strength index (RSI) read 62.79, which indicates a healthy speed without reaching over -bought conditions yet.
Therefore, Solana has room to drive higher before meeting fatigue signals. However, the horizontal resistance of $ 160 remains a major obstacle that bulls must clear to confirm an outbreak.
A daily closure above this level would probably strengthen a hooked feeling and open the door to the region $ 180– $ 200. Conversely, rejection can trigger a short -term recruit to $ 142 or even $ 104, where there are stronger historical demand zones.
Source: Tradingview
Liquidation Heating Map Analysis – What does the current installation suggest?
The liquidation heat map reveals frequent liquidation clusters around $ 147 to the $ 150 zone, where Solana currently shops. But over the $ 153 mark, similar to liquidation resistance is significantly similar, which indicates simpler price expansion if bulls are broken higher.
Therefore, a pure breakout can trigger fast short coverage and drive sole sharply beyond $ 160.
In addition, the heat map shows fixed support layers below current levels, which means that the neck risk remains muted if immediate rejection occurs.
Source: Coinglass
Soana is facing a crucial moment when electoral movements, raisy feeling and strong derivatives’ activity converge.
Therefore, if bulls can overcome the $ 160 resistance zone, Solana may ignite a powerful rally powered by thin overhead liquidity.
However, failure to break higher can force a re -examination of lower support regions around $ 142.
