key takeaways:
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The Sol Futures Open Interest is 12%, indicating strong institutional interest.
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Spot solana ETF approval jump up to 91% on the Auds Polymarket.
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A sool price bull flag is on the weekly chart, which targets $ 335.
Solana (Fifth note of musical scale) The price is 4.3% in the last 24 hours to trade at $ 165 on 11 June. It is still 43% below it All -time high of $ 294Arrived on 19 January.
However, many fundamental, onchain and technical matrix suggest that SOL can continue its climb towards the new all-time high above $ 330.
Solana Open Interest is near All-Time Highs
On June 11, with an increase in leveraged positions with an increase in the price of Soul, there was a total of total, in total. open interest (OI) Solana reached $ 7.54 billion for futures, 12%in the last 24 hours. This is an increase of 20% from last week and sits down just 12% from the peak of $ 8.57 billion on 19 January.
This indicates a strong adoption of Sol derivatives, which suggests growing institutional interests, but also presents potential risks.
Despite the high risk of forcible liquidation in a sole value improvement, derivatives indicate more potentially.
Number of Rising TVL and active Solana addresses
The primary decentralized application metric of Solana began to display the first strength in April. Network Total value off (TVL), which measures the amount deposited in its smart contracts, reached its highest level at 56.8 million souls since June 2022, priced around $ 9.1 billion.
There are other factors that affect the price of Solana and the increase in TVL. In order to confirm whether the use of Dapp is effectively increased, investors should also analyze the number of active addresses within the ecosystem.
The number of Solana Network address rose by 38.5% to 2.7 million in the last 24 hours, interacting with decentralized applications. Positive performance is seen between the top 5 dapps, with their unique active wallets (UAWS) increased by 77% -300% as shown in the chart below.
It increases interest in layer -1 ecosystem, increases demand for sool.
Solana ETF approval hurdles jump up to 91%
Possibility to approve US Securities and Exchange Commission (SEC) Spot solna exchange-traded funds (ETF) jumped up to 91% on 11 June in 2025, according to Palimarket data.
Multiple location solana ETF application From the asset management giants Venak, Scal21shares, bitwaiz and Canary capital Signal strong demand for regulated SOL investment vehicles.
Connected: Société Générale launched US Dollar Stabelcoin on Etreum and Solana
Bloomberg Senior ETF Analyst Eric Balchunas Said SEC Solana and Steaking ETF can “work quickly” on ETF filing, keeping the possibilities of approval at 90%.
“Get ready for a possible Alt coin ETF summer with Solana.”
Get ready for a potential alt coin ETF summer with solana @Jseyfff Note this morning that includes fresh obstacles for all spots ETFs. pic.twitter.com/umzih4oou7
– Eric Balchunas (@ericbalchunas) June 10, 2025
The approval of these funds can unlock institutional capital, increase the demand of sole and Possible driving prices moreWith some analysts Predicting high target as $ 1,300,
$ 335 Sol Price Bull-Flag Signs
The Sol Price has formed a bull fag chart pattern on the weekly chart, as shown in the chart below.
A Bull flag The pattern is a rapid setup that is formed after a sharp price increase after consolving the value inside a down-sloping range.
The bull flags are usually resolved after the price breaks over the upper trendline and increase the height of the previous uptrend. It keeps the upper target at $ 335 for SOL value, or increases by 103% from the current value.
Weekly RSI Going above the midline and has increased from 36 to 51 on 31 March this week, which increases rapid speed.
Sankati Informed The Sol/USD pair must first flip resistance to $ 190 in the new support to ensure a continuous recovery.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
