The post Solana (SOL) Tests Critical Support at $201 as Futures Interest Hits Record High appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Sep 28, 2025 06:18

SOL price drops 0.44% to $201.36 despite record $14.5B futures open interest and major Alpenglow upgrade improving transaction finality to 150ms.

Quick Take • SOL currently trading at $201.36 (-0.44% in 24h) • Solana’s RSI at 41.38 signals potential oversold bounce opportunity • Record futures open interest of $14.5 billion shows institutional positioning despite price decline What’s Driving Solana Price Today? The SOL price is experiencing mixed signals as institutional interest surges while spot prices face downward pressure. On September 25, Solana’s futures open interest reached a record 71.8 million SOL, valued at approximately $14.5 billion, indicating heightened institutional positioning for future price movements despite the current dip. This institutional activity follows the successful activation of Solana’s Alpenglow upgrade on September 24, which dramatically reduced transaction finality from 12 seconds to just 150 milliseconds. This technical enhancement represents a significant improvement in network performance, potentially attracting more institutional adoption for high-frequency trading applications. The broader institutional momentum gained further support from recent developments, including a major US bank exploring Solana integration for cross-border payments and three hedge funds committing over $500 million to Solana-focused investment vehicles. Additionally, Bloomberg Intelligence has raised Solana ETF approval odds to 95% for Q2 2025, with major players like VanEck, Grayscale, and Fidelity filing preliminary applications. Despite these positive fundamentals, the SOL price remains under pressure, suggesting short-term technical factors are overriding bullish news catalysts. SOL Technical Analysis: Neutral Signals Point to Potential Reversal The current Solana technical analysis reveals a market in transition, with several indicators suggesting a potential bounce from oversold conditions. SOL’s RSI sits at 41.38, placing it in neutral territory but approaching oversold levels that historically trigger buying interest. Solana’s position within the Bollinger Bands tells a…

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Filed under: News - @ September 28, 2025 6:20 am