TLDR:

Solana hits record 1.75M CME futures contracts, signaling institutional demand.
SOL price rebounds off $130 support, forming bullish three-wave structure.
Analysts target $160–$170 if momentum holds above macro support zone.
Trading volume tops $3.2B as futures and spot activity both surge.

Solana’s futures market just marked a major milestone, signaling renewed interest from institutional players. 

A record-breaking 1.75 million contracts traded on CME has pushed Solana back into the spotlight. The surge in volume follows a steady rebound in SOL’s spot price between $140 and $150. While the broader market remains mixed, this uptick has drawn interest to Solana’s underlying strength. 

Solana Institutional Demand Drives Volume Surge

According to a post by CryptosRus, Solana just printed its highest CME futures volume ever, suggesting strong institutional inflows. This spike indicates that large-scale investors are once again showing confidence in the Solana ecosystem. 

BULLISH: $SOL just printed its highest CME futures volume ever – over 1.75M contracts – signaling surging institutional demand.

With price rebounding around $140-150, @Solana bulls could just be getting started

Source: Glassnode pic.twitter.com/Ur88tPaVU1

— CryptosRus (@CryptosR_Us) June 25, 2025

The uptick in activity comes at a time when many altcoins are struggling to hold recent gains. Unlike speculative rallies, the current futures action on CME shows sustained contract interest, not just one-off spikes.

This trend could lead to broader market participation if SOL maintains its price above key support levels. The renewed attention positions Solana as a top contender in the altcoin market.

Technical analyst Hov pointed out a textbook setup unfolding on the Solana chart. He noted that SOL recently tapped a pre-marked confluence support level, creating an ideal entry point around $130. 

This level held firm, allowing the asset to bounce strongly, forming a clean three-wave corrective structure.

$SOL

SOL with another beautiful entry level tagged to the tick for discord members(threaded)

We had our confluence level set up and patiently waiting to strike

We’ve gotten a pretty solid move off the low but still looks 3 waved to me

So we’re going to need to see another… pic.twitter.com/pQfXwoczfn

— Hov (@HovWaves) June 25, 2025

According to the analysis, a micro high needs to complete for the pattern to form five full waves off the low. That would signal strength before a retracement back into support. The expected scenario includes a move toward the $160 to $170 range before any pullback.

Solana Macro Support Holding Firm

The current macro support level continues to act as the foundation for short-term bullish activity. 

Any sustained breakdown below this point would likely trigger a deeper correction toward the $100 zone. However, current price behavior supports the bullish outlook, as the structure remains intact.

Traders are watching to see if Solana can build momentum and retest earlier highs. So far, the market structure supports a measured approach to further upside.

As of this writing, Solana (SOL) is priced at $144.03 based on CoinGecko data. The asset has posted a mild 0.21% gain in the past 24 hours, despite showing a minor dip over the last seven days. 

SOL price on CoinGecko

Trading volume stands at over $3.2 billion, reflecting heightened activity on spot and futures markets.

 

The post Solana Futures Volume Soars as SOL Bulls Target Price Recovery appeared first on Blockonomi.

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Filed under: Bitcoin - @ June 25, 2025 8:17 pm