TLDR
- Solana climbed 10.75% to $112.28, its highest price in seven months.
- SOL broke above the $110 resistance level, putting $115 and $120 back in focus.
- Solana futures open interest increased 18.44% to $7.01 billion.
- Solana ETF assets reached $1.42 billion, with cumulative inflows at $1.37 billion.
- Traders also reacted to new CFTC crypto market rules sent to the White House for review.
Solana (SOL) climbed above $110 as renewed demand pushed the token to its highest level in seven months.
SOL gained 10.75% to reach $112.28 during the rally. The move came as the wider cryptocurrency market also moved higher.
Total crypto market capitalization increased 5.06% to $2.76 trillion. Bitcoin moved above $80,000 while Ethereum recovered $2,500.
XRP also gained about 7%. Solana, however, moved past an important technical barrier at $110.
The breakout placed $115 and $120 among the next price levels traders are watching. SOL had previously struggled to maintain momentum above the $100 area.
Derivatives activity increases
Solana derivatives trading volume increased 71.64% to $12.17 billion. Futures open interest rose 18.44% to $7.01 billion as traders added new positions.
SOLANA COULD BE SETTING UP FOR A MASSIVE BREAKOUT$SOL is showing a strong long-term recovery structure after reclaiming the $52–$75 support zone.
Key Levels:
Accumulation Zone: $52–$75 Filled
Major Resistance: $130
Breakout Trigger: $250+
Higher Targets: $500 → $1,000— Crypto Patel (@CryptoPatel) September 18, 2026
Options activity also increased. Options volume climbed 120.5%, while options open interest rose 6.96% to $178.52 million.
On-chain data showed that more than 40 million SOL changed hands near $100. That makes the area an important cost basis for a large group of holders.
Liquidation data showed active leveraged trading during the move. The supplied figures reported about $103 million in short positions and $1.4 billion in long positions cleared.
A post from trader Ash Crypto highlighted SOL reaching $110 for the first time in seven months. The post described the move as positive for holders but did not provide additional price targets.
ETF assets reach $1.42 billion
Solana investment products also continued to hold large amounts of capital. ETF assets were valued at $1.42 billion as of September 17.
Cumulative inflows across the listed products stood at $1.37 billion, although daily flows were flat. Trading value totaled $50.95 million.
Bitwise’s BSOL accounted for $974.52 million in assets and had recorded $1.04 billion in cumulative inflows.
Regulatory developments were also part of the latest market move. New CFTC crypto market rules were sent to the White House for review following the Senate’s failure to advance the CLARITY Act.
BREAKING: 🇺🇸 CFTC sends new crypto market rules to the White House for review just days after the CLARITY Act failed to advance in the Senate.
— Bull Theory (@BullTheoryio) September 18, 2026
Bull Theory highlighted the CFTC development in a post on X, saying the rules had been submitted to the White House shortly after the CLARITY Act stalled.
For now, SOL remains above the previous $110 resistance area, with $115 and $120 the next nearby levels identified in the supplied market data.
Be the first to comment