Trading volume tops $3.2B as futures and spot activity both surge.
Solana’s futures market just marked a major milestone, signaling renewed interest from institutional players.
A record-breaking 1.75 million contracts traded on CME has pushed Solana back into the spotlight. The surge in volume follows a steady rebound in SOL’s spot price between $140 and $150. While the broader market remains mixed, this uptick has drawn interest to Solana’s underlying strength.
According to a post by CryptosRus, Solana just printed its highest CME futures volume ever, suggesting strong institutional inflows. This spike indicates that large-scale investors are once again showing confidence in the Solana ecosystem.
The uptick in activity comes at a time when many altcoins are struggling to hold recent gains. Unlike speculative rallies, the current futures action on CME shows sustained contract interest, not just one-off spikes.
This trend could lead to broader market participation if SOL maintains its price above key support levels. The renewed attention positions Solana as a top contender in the altcoin market.
Technical analyst Hov pointed out a textbook setup unfolding on the Solana chart. He noted that SOL recently tapped a pre-marked confluence support level, creating an ideal entry point around $130.
This level held firm, allowing the asset to bounce strongly, forming a clean three-wave corrective structure.
According to the analysis, a micro high needs to complete for the pattern to form five full waves off the low. That would signal strength before a retracement back into support. The expected scenario includes a move toward the $160 to $170 range before any pullback.
The current macro support level continues to act as the foundation for short-term bullish activity.
Any sustained breakdown below this point would likely trigger a deeper correction toward the $100 zone. However, current price behavior supports the bullish outlook, as the structure remains intact.
Traders are watching to see if Solana can build momentum and retest earlier highs. So far, the market structure supports a measured approach to further upside.
As of this writing, Solana (SOL) is priced at $144.03 based on CoinGecko data. The asset has posted a mild 0.21% gain in the past 24 hours, despite showing a minor dip over the last seven days.
