Solana Price Surges 17.5% in a Month, Institutional Demand at All-Time High

The Solana price has rebounded to $145, marking a 17.5% increase over the past month and a 6% gain over the past year. This recovery comes despite recent geopolitical tensions, indicating a steady return of investor interest in the token. The surge in Solana futures contracts on the CME, reaching a volume of 1.75 million, suggests that institutional demand for SOL is at an all-time high. This aggressive positioning by institutional investors, as noted by Glassnode, signals a strong long-term outlook for Solana.

The recent data from Glassnode highlights that the volume of Solana futures contracts has been exceptionally high in June, with several days recording the busiest trading activity of the year. This trend indicates that investors, including institutions, are increasingly confident in Solana's potential, buying the token while it remains relatively affordable. Additionally, significant spot transfers, such as the movement of $107.7 million in SOL between unknown wallets, further underscore the growing institutional interest.

Technical indicators also support a bullish outlook for Solana. The moving average convergence divergence (MACD) for SOL has bottomed out and begun to rise, suggesting a turning point in the token's price trajectory. Similarly, the relative strength index (RSI) has bounced back from 30 and is poised for an upward trend. These technical signals, combined with Solana's strong fundamentals—such as being the second-largest Layer 1 blockchain in terms of total value locked (TVL) and upcoming major updates—point to a steadily rising price over the medium and long term.

Given these factors, analysts predict that the Solana price could reach $160 in the next one to two weeks and surpass $200 by the end of August. The current market conditions, including the ceasefire between Iran and Israel, provide a favorable environment for Solana's recovery. As geopolitical tensions ease, the token's price is expected to benefit from increased investor confidence and a broader market rally.