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SOL at $97: Three Technical Signals, ETF Records & the $100 Test
Audio is available on Spreaker — see link below.
Solana hits $97 with spot ETF inflows topping $1 billion and three rare technical confirmations aligning at once — but $6.4 billion in open interest could flip the setup fast. Here's what the data actually says.
Audio is available on Spreaker — see link below.
Solana is trading at ninety-seven dollars with three separate technical confirmations aligned behind it, and the only real question is whether this rally has the structural backing to clear one hundred or if the leverage is getting ahead of the fundamentals. Here's what changed this week.
The technicals are doing something worth paying attention to. SOL broke its one-hundred-day exponential moving average for the first time since October twenty twenty-five.
The risk sits in the derivatives market. Futures open interest has jumped from four point nine four billion to six point four billion dollars.
On the protocol side, the Alpenglow upgrade entered active testing this week. It moved from announcement to execution, which removes one layer of theoretical risk.
May has historically been a difficult month for Solana. The six-year average is a negative six percent return.
The near-term picture narrows to two things. Whether Alpenglow testing proceeds cleanly, and whether weekly ETF inflows hold above one hundred million dollars.
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