Solana inched higher over the past day while most of the crypto market stayed flat. SOL gained about 2.5% in the last 24 hours and traded near $145 on January 14.
Coingecko data of the total crypto market cap showed the market at roughly $3.189Tn, down -0.72% from a day earlier.
That hints at a quiet backdrop with only a few strong performers.
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What Does Solana’s $8.7B Futures Open Interest Say About Trader Positioning?
CoinGlass data puts Solana’s futures open interest at about $8.7Bn, with nearly $19.7Bn in futures trading volume over the past 24 hours.
The platform also logged roughly $32.5M in SOL liquidations during the same period.
DefiLlama showed around $4.69Bn in DEX trading volume on Solana in the past day.
Perpetuals saw about $1.76Bn in volume, while perps open interest hovered near $361M.
The dashboard also listed around 2.84M active addresses and roughly 78M transactions, pointing to steady network usage even as the broader market struggled to move in one direction.
Analysts are also watching signs of traditional finance edging deeper into crypto.
Earlier this month, Morgan Stanley filed for ETFs linked to Bitcoin and Solana, which suggests major institutions still want regulated exposure to leading digital assets.
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Solana Price Prediction: Is SOL Forming a Trend Reversal After Holding $140 Support?
Solana (SOL) is holding up well on the daily chart. Price has stayed above a key support zone in the mid-$140s, even as the wider market remains choppy.
The chart shows a steady recovery from December lows near $118. Since then, SOL has built a clear series of higher lows into early January.
That move has pushed price back toward the $145 area. This level mattered before. It broke down in November and now acts as resistance. Price is pausing just below it after a strong move higher.
So far, buyers still look in control. Pullbacks have been shallow. Daily candles show limited selling near resistance.
This looks more like a rounded base and trend shift than a fast, speculative spike.
Momentum stays constructive as long as SOL holds above the recent higher low around $135. If price gets a clean daily close above resistance, the next area to watch sits near $155 to $160.
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Key Takeaways
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Solana inched higher over the past day while most of the crypto market stayed flat. SOL gained about 2.5% in the last 24 hours and traded near $145 on January 14.
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Solana (SOL) is holding up well on the daily chart. Price has stayed above a key support zone in the mid-$140s, even as the wider market remains choppy.
The post SOL Bucks The Trend: +2.5% Up While Crypto Index Goes Nowhere appeared first on 99Bitcoins.
