According to data from Glassnode, the futures volumes of the top three cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—are showing a notable divergence.
The launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME) on March 17 saw modest trading volume, sparking speculation about institutional demand for the altcoin.
Solana (SOL) is experiencing a volatile period as the price rebounded from the $114 support area but struggled to overcome key resistance levels.
Analysts are divided on the possibility of Solana (SOL) hitting $250 in the coming weeks.
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