Solana's Open Interest Surpasses Ethereum Amid Market Volatility

Solana has recently outperformed Ethereum, showcasing greater profit potential as it nears $5 billion in open interest. This development has sparked significant interest among investors, particularly as the crypto market faces volatility due to rising U.S. tariff politics. Despite the market uncertainty, Solana's open interest has surpassed Ethereum's, indicating a strong bullish sentiment.

Solana (SOL) is currently trading around $126, marking a 9.2% drop over the past week. However, the fear and greed index remains neutral, suggesting that investors are not overly concerned about the recent price fluctuations. Solana's open interest is heading toward the $5 billion mark, outpacing Ethereum, which saw over $66 million in liquidations over the past 24 hours.

From a technical standpoint, Solana is holding just above the 100-day Exponential Moving Average (EMA) at $122, which has consistently served as support during past dips. On the upside, it is testing resistance between $130 and $132 after a modest daily gain. A breakout from this level could put $150-$155 in play as the next challenge for bulls. Momentum indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are also showing promise, with the RSI recovering to the 43–45 range and the MACD narrowing, hinting at a potential bullish crossover.

Analysts are backing the technical outlook with a series of bullish forecasts. Experts at Coinstat predict SOL could climb as high as $400 by the end of 2025. BTC Direct is even more optimistic, projecting the token could reach $561 by mid-2025 and finish the year at $565. CoinDCX also sees strong upside, expecting SOL to peak between $370 and $380 by September 2025. Institutional confidence is growing as well, with Fidelity recently moving forward with a Spot Solana ETF, with the CBOE officially filing a 19b-4 form with the SEC. If this trend continues, SOL could easily outperform even the most bullish projections.

Solaxy ($SOLX) is capitalizing on Solana's increased investor interest as the first Layer-2 solution for Solana. By adding another layer to Solana’s mainnet, Solaxy diverts traffic and potential bottlenecks, increasing speed and scalability. This also lowers gas fees, making it ideal for day traders in the volatile market. Solaxy has also added multi-chain interoperability, enabling Ethereum to be used through this platform. This project ensures user security with thorough audits from Coinsult.

The presale of Solaxy ($SOLX) has generated an impressive $28.6 million in record time, making it the most promising token right now. Currently, $SOLX is available at $0.00168, but the price is set to increase soon. This is an excellent entry point, especially as analysts see Solana pushing to new heights this year, which will also greatly benefit this project’s valuation. Solaxy’s social media following is growing rapidly, with more than 84,000 followers across platforms such as X and Telegram. Influential figures in the crypto community, such as ClayBro and CryptoJack, have also endorsed Solaxy, highlighting its innovative approach and potential for significant profits upon launch.

In conclusion, Solana's growing momentum and strong institutional backing are setting the stage for a potential breakout. Solaxy ($SOLX), as the first Layer-2 for Solana, brings real utility, major presale success, and a fast-growing community. For those seeking the next big crypto opportunity, $SOLX is clearly worth a closer look.