•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Solana (SOL) has built strong upside momentum in May, rising from a low of $83 to a high of $97 for the first time since May before retracing. At press time, SOL traded at $95, up 1.02% on the day and up 11% on the week.
During a stretch of market weakness, SOL whales remained relatively inactive. This has started to change, particularly in derivatives, where large participants appear to be returning.
CryptoQuant data cited in the report shows Futures Taker CVD has remained positive this week, indicating a comeback by futures buyers.
Onchain Lens reported that a whale opened a long position of 78,000 SOL using 3x leverage, worth $7.5 million. The position’s liquidation price is $36.05. With SOL retracing, the whale’s position is already down $114,000, but the trade reflects expectations that prices will continue rising.
Alongside the whale position, derivatives activity has also picked up. The report states that derivatives market volume rose 111% to $14.5 billion, while Open Interest (OI) edged higher to $6.3 billion.
On Binance, traders appear particularly bullish based on the Long Short Ratio, which averaged 1.5 as of writing. However, the overall ratio remained below 1 at 0.98, suggesting that many traders are still positioned short.
The report links SOL’s strengthened upside momentum to growing futures participation. It notes that the Relative Strength Index (RSI) rose to 72 before dropping to 68 at press time. RSI in this range is presented as evidence that buyers continue defending higher price levels.
It also cites the Chande Momentum Indicator rising to 69, which the report says supports bullish pressure. Together, these indicators are described as pointing to upside momentum driven by buyers.
If current conditions persist, the report suggests SOL could extend gains and target the next resistance at $100. For the bullish outlook to hold, SOL must maintain $95; otherwise, the report warns it could fall back below $90.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
