Solana Trades at $121 After Breaking Above $94.85 Support
- —SOL at $121.69, up 0.23% on the day, intraday high of $124.95
- —RSI at 68.44, just below overbought territory; MACD remains positive
- —Solana TVL grew from $4.7 billion in August to $6.7 billion by late September
- —SOL open interest reached $7.5 billion, derivatives volume above $12 billion
Why it matters: Holding above $120 keeps the bullish structure intact, while a drop below $94.85 would weaken it; rising open interest raises the risk of sharp swings.
Source: Blockonomi