Solana traders bet on a bounce, but is the market ready to move?

Since CME volume missiles for recording Maxim, open interest hold strong at $ 6.1 billion; its highest level since the end of March.

Chart it reveals Disconnecting: While the price of Solana has cooled from its maximum Q1, the lever position did not move much. This adhesion in the open interest, especially in the middle of the recent volatility, suggests that traders are committing.

Source: Coinglass

The last time the OI was raised at the price of the decline, Sol has gathered sharply in the coming weeks. Now, with fresh volume and deep placement returning to the market, the phase is set to high movement.

Whether it moves up or down, it remains to be seen.