Solana (SOL) surged to $193, its highest since April, as investors embraced a risk-on sentiment ahead of the Fed decision and key earnings. The crypto fear and greed index hit 63, indicating increased investor confidence.
Futures open interest for Solana rose to $3.25 billion, the highest since April 1, following a dip to $1.77 billion earlier this month. This recovery signals robust demand for the asset.
Solana’s ecosystem fees jumped to $2.13 million in 24 hours, with over 1.22 million active addresses. The token also broke above key resistance at $188.20.
Upcoming events, including potential Solana ETF submissions by Franklin Templeton and Blackrock, and the Fed’s interest rate decision, could further impact prices.
