In the past 24 hours, Solana perpetual contracts trading volume slightly surpassed Ethereum, reaching $1.548 billion, compared to Ethereum's $1.523 billion, indicating a shift in short-term traders' preferences. Although Ethereum leads in 30-day trading volume, Solana's open interest is $347.6 million, exceeding Ethereum's $268.4 million. With both Taker CVD and OI weighted funding rates being positive, it suggests that long positions are persistent, and SOL faces resistance around $144. Analysts believe that if the price continues to rise, it may break through the $190-200 range.
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In the past 24 hours, Solana perpetual contracts trading volume slightly surpassed Ethereum, reaching $1.548 billion, compared to Ethereum's $1.523 billion, indicating a shift in short-term traders' preferences. Although Ethereum leads in 30-day trading volume, Solana's open interest is $347.6 million, exceeding Ethereum's $268.4 million. With both Taker CVD and OI weighted funding rates being positive, it suggests that long positions are persistent, and SOL faces resistance around $144. Analysts believe that if the price continues to rise, it may break through the $190-200 range.