Solana futures open interest nears all-time high — Will SOL price follow?

Key points:Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence.SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest.With rising DEX volumes and a $9.5 billion TVL, SOL could rally to $200 before a potential spot ETF approval on Oct. 10.Solana’s native token, SOL (SOL), fell 4% between April 29 and April 30 …