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The open interest (OI) of SOL has increased by 47% over the past 10 days, ETF capital inflows have hit a two-month high, and the largest consensus layer upgrade in history, Alpenglow, has just entered testing—all three events happening simultaneously is no coincidence.
solana: So11111111111111111111111111111111111111112 current price $96, just one step away from $100, but this level has been stuck for a while.
OI is rising quickly, but the price hasn't moved = chips are accumulating, and a direction hasn't been forced out yet.
Alpenglow is the most underestimated variable; the underlying consensus mechanism is undergoing a major overhaul.
Such a level of technical iteration would have already caused a frenzy if it were on $ETH .
The market's reaction to SOL is surprisingly low-key, but often, low-key signals are opportunities.
I won't gamble before a breakout; I’ll wait for volume confirmation at $100 before entering.
It’s not much more expensive, and it can save a lot of volatility.
#Solana
Not an advertisement, not investment advice, DYOR