🚀 Solana Open Interest Hits All-Time High — Is a Breakout Coming?

After rising 8% last week, solana prices rise again on Monday.

Open Interest for SOL hits a record $13.08 billion, indicating bullish sentiment.

Bullish IPO settles $1.15 billion in stablecoins, mostly Solana-minted, bolstering ecosystem demand.

After a big surge last week, Solana (SOL) trades green over $207 on Monday. The record-high Open Interest (OI) on SOL, above $13 billion, supports the optimistic view. The Bullish company's IPO last week provided excitement that might help SOL reach its all-time high.

Solana Open Interest Hits Record
On Monday, CoinGlass data showed exchange Solana futures OI at an all-time high of $13.08 billion. OI increases indicate fresh money entering the market and purchasing, which might drive the Solana price surge.

Chart of Solana Open Interest. Source: CoinGlass
Chart of Solana Open Interest. Source: CoinGlass

A recent increase in Solana chain trader interest and liquidity boosts the platform's prospects. Artemis Terminal data reveals SOL Chain's DEX trade volume surged from $2.6 billion on August 17 to $7.1 billion on Sunday.

Solana will debut at the September All-In Summit 2025, boosting optimism. Superteam UAE announced "Solana City," a Dubai coworking center, and a Wyoming stablecoin, the first issued by a US state, is coming to Solana, suggesting worldwide acceptance and ecosystem development.


Solana price forecast: Bulls want record highs
Solana price surged about 16% on Sunday after finding support around its 50-day EMA at $179.45 on Friday. As of Monday, it trades over $207.

If SOL keeps rising, it might reach $230, its next daily resistance. A closure above this level might extend advances to $295.83, its all-time high.

SOL might fall to its 50-day EMA at $179.45 if it corrects.

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