Solana Price Analysis: SOL Open Interest Hits $2.5B as Traders React to 1-Year Network Uptime Record

Quick Summary:

Solana price rebounded 5% over the weekend after a volatile start to February, blighted by macroeconomic risks and recurrent network congestion.

Rising market volumes and open interest inflows suggest the SOL rebound phase could advance further in the week ahead.

Solana (SOL) surged as high as $198 on Saturday, Feb 8 with a 5% recovery putting SOL traders on course to close two consecutive days in profit for the first time this month.

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Author / Journalist: ibrahim

Category: Crypto

Markets: IndiaChina

Topics: Solana Price Solana (SOL) Solana Price Analysis Price Analysis

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-08 @ 21:13:40 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 757 words

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Sentences: 50 lines

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Copyright Owner: © CoinGape

News ID: 25985692

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