Overview
- SOL climbed roughly 11% over three days to trade in the low $70s following sustained buying near the roughly $60 support zone and net inflows of about $2.81 million into spot Solana ETFs.
- Technical indicators show a weekly MACD bullish divergence and a wedge breakout that some traders link to past rallies, with analysts naming $67 as the key level to reclaim to signal a structural shift higher.
- On‑chain activity strengthened as Solana’s real‑world asset ecosystem topped roughly $3 billion in value and tokenized SpaceX equity (SPCX) recorded more than $50 million of on‑chain volume in its first 24 hours.
- Derivatives and market internals are mixed: open interest edged up to about $4.72 billion while trading volume fell about 25%, funding rates are slightly negative, long‑to‑short ratios sit below neutral, and on‑chain data show notable whale accumulation.
- The immediate path hinges on reclaiming the $67–$70 zone to sustain the bounce because failure could send SOL back toward $60, and the upcoming Federal Open Market Committee decision is a near‑term event that could cap or reverse gains.