Solana has recently returned to the top of $90, and the market focus has shifted from a mere rebound to whether this round is going to last. In addition to improving spot demand, the factors driving price recovery include the rapid increase in derivative warehousing and the latest upgrade at the network level.

ETF needs to be synchronized with hold

According to the article, as SOL rebounded from more than 70 United States dollars, the associated ETF demand also increased, and spot purchase boards increased. At the same time, the participation of derivatives in the market has increased significantly.

The data show that the SOL-wide open-market contract was about $4.4 billion at the beginning of August and then reached close to $6 billion, the latest reading being about $5.96 billion. Price upswings coincided with silo expansion, suggesting that more traders were stalling around the follow-up.

  • Irregular contracts at the beginning of August approximately $4.4 billion
  • The latest outstanding contract is approximately $5.96 billion
  • There's been a significant acceleration in the price recovery.

Such combinations usually mean that two layers of signals occur simultaneously: first, there is a new demand on the spot and second, the derivatives market is expanding. However, the disproportionate increase in holding tanks also means that leverage levels rise and subsequent prices react more sensitively across key sectors.

Ninety-one to ninety-three short-line focus.

After a breakthrough of $90, the market then focused on whether the 91 to 93 dollar range could be converted to effective support. If the purchaser can sustain the area, SOL is expected to continue to test higher resistance levels.

The article mentions that if the price continues to stand at $93, the next step will look at $97.78. If this position is breached, the 100-dollar integer level will re-enter the horizon; if kinetic energy continues, $105.14 will become a follow-up observation position.

  • 91 to 93 for short-line support observation space
  • 97.78. This is the next main resistance position.
  • $100 is still a market concern.

On the contrary, if SOL is unable to hold it above $91, the price may look back to the vicinity of 88.61. If you break this position, $84 will be the next possible buyout area.

Agave upgrade to improve processing efficiency

In addition to market finance, the recent upgrade of Agave by the Solana network has also provided the basic support for this round up. Upon upgrade, the target drops from 400 ms to 350 ms, and Web processing efficiency is improved.

Such performance improvements will not directly determine short-term prices, but will help to strengthen market expectations for the eco-efficiency of Solana. In the context of price, financial flows and network upgrading, the area where SOL is currently located is of greater interest.