Solana PRICE counterattacks 5 % in the middle of the network’s time and an open interest rate of $ 600 million

Solana PRICE was 5 % during the weekend after a volatile start to February, which was exposed to total economic risks and frequent network congestion. The high market sizes and open interest flows indicate that the Sol recovery stage can advance more next week.

Solana is scheduled to restore $ 200 lands in a general teacher for one year

Solana rose to $ 198 on Saturday, February 8, with a recovery of 5 %, which puts Sol traders in the track to close two consecutive days in profit for the first time this month.

The slow start to February 2025 was driven by a mixture of total economic uncertainty and network gardens.

The ongoing trade war in the United States and China greatly affected the global encryption market, which led to more than two billion dollars in liquidation within one day.

However, in the midst of the market turmoil, Solana was distinguished by a decisive milestone, and the completion of a whole evaluation year without the failure of one block production.

This represents a remarkable improvement in the stability of the network, which enhances its capacity to reach the long term as a Blockchain ecosystem.

On February 6, Helius Labs Mumtaz CEO Recognized This achievement, with a focus that Solana has maintained without interruption West operating time For a full year.

He also pointed out that the network has avoided failure cases related to performance for nearly two years, indicating an increase in expansion and reliability.

Since its launch in 2020, Solana has faced multiple interruptions, the most important of which occurred in early 2022. Over the next two years, intermittent stopping times have raised concerns about her ability to maintain its wide dependence.

However, the last uninterrupted performance chain indicates that Solana has greatly strengthened her network infrastructure, which may attract more institutional investment and the participation of developers.

The open interest in Solana increased 600 million dollars in the network operating time

Solana prices indicate 5 % since February 8 that in the short term traders have been positively resigned with the network teacher for one year. However, besides the price procedure, market data shows that strategic traders put up bions on the continuous Sol recovery.

With this view, data from Coinglass reveals a significant increase in open interest, which tracks the total capital invested in the active future contracts.

Open interest is a major indication of the market morale, which reflects the participation of traders and location on major events.

The above chart shows that the open benefits of Sol amounted to $ 2.46 billion as of February 5. As of February 8, this number rose to $ 2.53 billion, indicating an additional $ 600 million in capital flows within three days.

The timing of this increase indicates that merchants have responded positively to the Solana Network performance teacher, which enhances the upscale feelings in the market.

The simultaneous height in the Sol price and open benefits usually indicate that traders increase the benefit of the pleading in anticipation of more upward trend.

Historically, such patterns preceded short -term gatherings, indicating that Seoul can try to restore the $ 200 psychological threshold in the coming days.

Prediction: What after Solana Price next week?

With strong open attention flows and improving the reliability of the network, Solana appears to be a good position to make other gains. However, the opposite winds of the wider economy, such as continuous inflationary pressures and continuous geopolitical tensions, can reduce the momentum ascending.

Currently, the Solana Price Processe plans offer a mixed look, with conflicting signals from the main technical indicators. After a sharp decrease from its highest level in late January, Seoul recovered by 5 % over the past 24 hours, as it was closed at 197.45 dollars. The price is currently hovering near SMA (the 200 -day green line), which served as a strong support level at about $ 182.70.

A continuous contract above this level can indicate a possible process of exit from the bottom, which enhances the situation for further recovery. In addition, RSI indicates in 41.47 that Sol is close to excessive sale conditions, which allows a potential upward correction if the purchase pressure increases.

On the landmark, Sol is still less than 50 days (blue) and 100 days (red) SMAS, which now works as resistance levels at 215.15 dollars and $ 211.05, respectively. Until Sol regains these main levels, the upward potential remains limited. Moreover, the recent procedures of prices have been distinguished at the highest low levels and low reduction, indicating a prevailing drop direction. If Sol fails to break more than 200 dollars convincingly, there may be another support for support at $ 182 or less on the horizon.

The next few days will be crucial in determining the Sol direction in the short term. It can pave a strong step above 200 dollars to re -test of $ 215, while rejection of the current levels may lead to the renewal of the sale pressure. Traders should see the size nails and RSI movement above 50 to confirm the bullish momentum.

Currently, the Solana prices are likely to be affected by the broader market title, the network adoption trends, and the sustainability of its last open interests.

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Ibrahim

Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.