Overview

• SOL trades near $190–$193 after the weekend bounce, briefly restoring an approximately $100 billion market value.
• Futures open interest rose to about $10.1–$10.2 billion, indicating increased derivatives positioning relative to spot.
• Reported spot turnover dropped roughly 33%–38% over 24 hours, suggesting softer cash-market conviction during the rise.
• During the sell-off, Solana-based perpetual DEXs processed over $8 billion in volume, with Orca, Meteora, and Raydium each exceeding $1 billion.
• Key levels now include resistance around $200–$213 and supports near $190 and $182, with risks of $175–$160 if support breaks and potential toward the low $220s on a clean breakout.