key takeaways:
-
Sol futures and funding rates show moderate optimism, but there is no strong rapid position yet.
-
Network activity and ETF antyles support, but Confederation Mong is a big player Mute.
The native token of Solan, Sol (Sol) held 28% rallies in three weeks, the move to create some positive menums instigated moderate optimism in Sol derivatives, although whales and market makers have to turn to turn to turn. Traders are now questioning what can unlock a new Rali Tower $ 260.
The currency for SOL reflects the 16% annual funding rate to the moderate indentum from retail traders, but remains with a health range. Under neutral conditions, the annual funding rate for always contracts is usually between 5% and 15%, indicating that long positions are paying premiums to Menain Exposure.
Despite an increase in the price of 28%, Sol has chronic comprehensive altcoin market capitalization.
For example, Ether increased by 51% over a period of one three weeks, which increased the XRP 41%. So the evening is only near its highest level, on the day of $ 190 a day, traders are not showing strong enthusiasm.
Sol needs network development and a sensory boost to reach $ 260
While rapid leg property is not strictly required for the soul, it can protect the presence of prescriptions from selling the $ 260 level, without renewed confidence. Sol performance depends very much
On the bright side, Solan’s network fees rose 27% in the last 30 days, with many contestants to stand or standing down. For example, BNB Chen recorded a 30% decline in fees, and the base, the leading atherium layer -2 saw a fall of 19%.
Solana produced $ 32.9 million in network fees in 30 days, with $ 12 billion in total value lock (TVL). According to Difilama, there is a deposit of $ 91 billion in deposits near the Etharium. These figures are promising for Sol holders, given that the staging produce is close to the network revenue.
Sol Futus is neutral: bear phase is over
To assume that professional traders are heated up to $ 260, it is expressed in the monthly foresight market. Under neutral market conditions, these contracts usually trading at 5% to 10% premium on spot prices, accounting for the longinger settlement period.
On Monday, Sol’s 3 -month futures premium reached a neutral 6% level for the first time in five months. No, the failed breakout attempt over $ 200 on Wednesday did not affect the traders’ approach. While the mood is still faster, this change marks a clear department from the irrigation state.
Connected: Solana co-founder called Memcoins, NFTS ‘Digital slopes’ in hot debate
Investors are looking closely for the possible approval of the user securities and the possible approval of the Solna Exchange-Trade-Fund (ETF) by the securities and the Exchange Commission (SEC). Such a step can unlocked institutional demand, like the success of Ether ETF and construction on existing products
Registered under the 1940 Investment Company Act, SSK ETF does not require specific SEC SE 1 filing. Since its launch on July 2, it has deposited $ 130 million in property under management. Given Solana’s strong network activity and increasing expectations for a spot ETF approval in the US, the possibility of Soul reached $ 260 in short -term apps.
This article is for genealogy information purposes and is not intention and should not be taken as legal or investment advice. The idea, however, expressed opinions here alone of the author and not necessarily reflected or represented the ideas and ideas of the coinletgraph.
