{"id":30821,"date":"2026-07-18T11:48:38","date_gmt":"2026-07-18T10:48:38","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/07\/18\/solana-support-holds-open-interest-decline\/"},"modified":"2026-07-18T11:48:42","modified_gmt":"2026-07-18T10:48:42","slug":"solana-support-holds-open-interest-decline","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/solana-support-holds-open-interest-decline\/","title":{"rendered":"Solana: Support Holds, But Falling Open Interest Raises Concerns"},"content":{"rendered":"\n

Solana<\/strong> (SOL<\/strong>) is pausing after a failed rally below the $88 resistance<\/strong>. Profit-taking has pulled the token back toward the $75 zone<\/strong>, a critical support level<\/strong> to watch closely. The simultaneous drop in open interest<\/strong> is raising questions about buyer conviction and the direction of the next move.<\/p>\n\n\n\n\n\n

SOL Under Pressure: $88 Resistance Blocks the Rally<\/h2>\n\n\n\n

Solana<\/strong> has failed to confirm a breakout<\/strong> above $88<\/strong>, a level that concentrates a heavy cluster of sell orders. This rejection triggered a sharp correction<\/strong>, pulling the price back toward the $75 support<\/strong>, a zone that has already been tested multiple times over recent weeks.<\/p>\n\n\n\n

On the indicators side, the RSI<\/strong> is hovering in neutral territory with no significant oversold signal, which leaves room for further downside before reaching historically attractive accumulation levels. The MACD<\/strong> is showing a bearish crossover<\/strong> on the daily chart, confirming short-term bearish pressure<\/strong>. Until SOL reclaims $88<\/strong> on strong volume, the structure remains unfavorable.<\/p>\n\n\n\n

Intermediate resistance<\/strong> sits around $82<\/strong>. A move back above this level would be an early sign of recovery, but it would not be enough to invalidate the dominant bearish bias. Traders are waiting for a convincing daily close<\/strong> before repositioning on the long side.<\/p>\n\n\n\n

Open Interest Declining: Disengagement Signal or a Healthy Reset?<\/h2>\n\n\n\n

The drop in open interest on SOL<\/strong> is the most concerning signal of this market phase. A decline in open positions alongside falling prices points to a net liquidation of long positions<\/strong>, rather than a simple healthy retracement<\/strong>. Speculators are exiting the market, reducing the available liquidity needed to fuel the next bull run<\/a><\/strong>.<\/p>\n\n\n\n

That said, this dynamic can also be read positively: a market that flushes out excess leverage creates the conditions for a more sustainable bounce. If open interest<\/strong> stabilizes around current levels and the price holds the $75 support<\/strong>, the groundwork will be in place for a bullish reconstruction<\/strong>. On-chain data will be key to validating this scenario.<\/p>\n\n\n\n

Conversely, a continued decline in open interest<\/strong> combined with a bearish break below $75<\/strong> would open the door toward deeper support zones around $65\u2013$68<\/strong>, levels that have not been tested in several months.<\/p>\n\n\n\n

SOL Scenarios: $65 or a Return to $95?<\/h2>\n\n\n\n

Bullish scenario:<\/strong> SOL<\/a> consolidates above $75<\/strong>, open interest<\/strong> stabilizes, and buying volume gradually returns. A breakout<\/strong> above $88<\/strong> confirmed by a weekly close<\/strong> would signal a resumption of the uptrend<\/strong>, with a price target toward $95\u2013$100<\/strong>, a zone corresponding to former pre-ATH<\/strong> resistance levels.<\/p>\n\n\n\n

Bearish scenario:<\/strong> A loss of $75<\/strong> on a daily close<\/strong> would trigger a major technical sell signal<\/strong>. The next significant support sits between $65<\/strong> and $68<\/strong>. In this case, both the MACD<\/strong> and the RSI<\/strong> would confirm an acceleration of the corrective phase<\/strong>, with a risk of extension toward $60<\/strong> if broader crypto market sentiment deteriorates further<\/a>.<\/p>\n\n\n\n

The risk\/reward ratio<\/strong> currently favors a cautious approach. SOL<\/strong> remains a high-potential asset over the medium term, but the short-term technical structure demands patience and confirmation before any aggressive repositioning.<\/p>\n\n\n\n

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