Key Takeaways:
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Sol futures that are open interest up 12%, signing strong interest in the institutional.
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Spot Solana ETF The odds of approval jump at 91% in the polymarket.
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A SOL price flag plays on the weekly chart, targeting $ 335.
Solana (Sol) Price went up to 4.3% in the last 24 hours to trade at $ 165 on June 11. It was still 43% below it All-Time High $ 294reached on January 19.
However, some basic, onchain and technical metrics suggest that Sol could continue its climb to new all-time highs of over $ 330.
Solana open interest is close to all times high
Sol’s price growth on June 11 was accompanied by an uprising in leveraged positions, with the combined -with Open interest (OI) for Solana Futures of up to $ 7.54 billion, up to 12% in the last 24 hours. It was a 20% increase from last week and only sat 12% below the peak of $ 8.57 billion reached on January 19.
It shows a strong adoption of Sol Derivatives, which suggests increasing interest in the institution but also introduces potential risks.
Despite the increased risk of forced fluids in the event of a solution of the SOL price correction, derivatives data points to further reverse the potential.
Tvl’s rising and number of active addresses of Solana
Solana’s main decentralized application began to show strength earlier in April. The network Total amount that is locked (TVL), which measures the amount deposited in its intelligent contracts, has risen to the highest level since June 2022 to 56.8 million Sol, worth $ 9.1 billion.
There are other factors that influence Solana and TVL’s increase. To confirm whether the use of DAPP is effectively increased, investors should also study the number of active addresses within the ecosystem.
The number of Solana network addresses that interact with decentralized applications jumped 38.5% in the last 24 hours to 2.7 million. Positive performance is seen in the top 5 Dapps, along with their unique active purse (UAWS) rising by 77% -300% as shown in the chart below.
It suggests increasing interest in the layer-1 ecosystem, which increases demand for Sol.
Solana ETF’s approved jump at 91%
The possibility of US Securities and Exchange Commission (SEC) to approve a Spot solana exchange-traded fund (ETF) in 2025 jumped at 91% on June 11, according to Polymarket data.
Multiple Applications of Solana ETF from giant asset management such as Vaneck, Grayscale21shares, bitwise and Canary Capital The signal of stable demand for Sol’s regulated investment vehicles.
Related: Société Générale launched US dollar stablecoin in Ethereum and Solana
Bloomberg Senior Etf Analyst Eric Balchunas Says The SEC can “act early” with Solana and Staking ETF films, putting the odds of approval at 90%.
“Prepare for a potential ETF Tagal alt coin -heat with Solana likely to lead the road.”
Prepare for a potential alt coin of ETF tag -heat with solana likely to lead the way (as well as some basket products) by @Jseyff Remember this morning with fresh odds for all ETFs of the area. pic.twitter.com/umzih4ooou7
– Eric Balchunas (@ericbalchunas) June 10, 2025
Approval of these funds can unlock institutional capital, strengthen demand for Sol and potentially higher driving priceswith some analysts Predicting targets as high as $ 1,300.
Sol Price Bull-flag hints to $ 335
The Sol Price is formed by a bull fag chart pattern on the weekly chart, as shown in the chart below.
A Bull flag The pattern is a bullish setup that forms after the price combined within a down-sloping range following a sharp price increase.
The bull flags are usually solved after the price breaks above the upper trend and increases as the height of the previous uptrend. It puts the upper target for the SOL price at $ 335, or an increase of 103% from the current price.
The weekly RSI was moving above the midline and increased to 51 this week from 36 on March 31, indicating an increase in bullish momentum.
Cointelegraph reported That the SOL/USD pair must first refine the resistance to $ 190 in the new support to ensure a prolonged recovery.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
