Solana (SOL) rebound stalls at $117 as OI fades
Solana (SOL) is grinding higher but remains fragile. The token is still about 76% below its 2025 peak and recently moved back above $90. Price is around $91.64, with traders watching a key break above $117 to confirm continuation toward a wider $117–$145 range.
Liquidation data shows why the rebound started: SOL cleared long liquidity and then leaned toward shorts. Heavy liquidation topside clustered near $94–$96, which can fuel squeezes when price pushes up.
However, conviction is weakening. Open Interest (OI) rose to about $5.92B after ceasefire hopes tied to the U.S.–Israel–Iran situation boosted risk appetite, then fell to ~$4.85B before recovering near ~$5.1B. That OI dip suggests the rebound lacks strong follow-through.
Market levels to track: failure to reclaim $100 would signal weakness, and momentum fade could reopen downside risk toward ~$67.60. In short, SOL bulls need both price strength over $117 and firmer OI to keep the rally intact.
Neutral
尽管SOL在回升，但文章强调两点使交易信号偏“中性”：第一，价格面临117美元“墙”，尚未形成强势突破；第二，Open Interest在冲高后回落，说明反弹缺乏扎实的资金跟随。过去类似的情形（先靠清算/逼空推升、随后OI回落导致动能不足）往往会让行情从“趋势延续”转为“区间震荡”，甚至诱发回撤。
短期看，若SOL重新站上117美元且OI持续走高，可能触发更多空头被挤压，推动价格向117–145美元区间上沿扩展；相反，若SOL未能收复100美元并且OI继续走软，市场更可能回到区间下沿，打开向67.60美元的风险。
中长期上，这更像是一次“脆弱修复”而非已经确认的大级别趋势反转：只有当价格突破关键位并由OI确认，SOL的上涨才更可能从反弹升级为可持续的趋势。