Solana hits seven-month high above $110, open interest up 18%
- —SOL rose 10.75% to $112.28 — a seven-month high
- —Open interest rose 18.44% to $7.01 billion, derivatives volume +71.64%
- —SOL ETF assets reached $1.42 billion, led by Bitwise's BSOL at $974.52 million
- —RSI at 83 signals overbought conditions, support at $100
Why it matters: The break above $110 confirms capital rotation into altcoins; holding $100 keeps the bullish scenario intact, while losing it opens the path to a correction.
Source: CoinGape