Solana Nears Breakout: What Must Align for SOL to Hit $260

Solana’s native token (SOL) has surged 28% in just three weeks, reversing nearly two months of bearish price action. However, this recovery—while notable—is not yet underpinned by institutional conviction or decisive long positioning in the derivatives market. To break above the $260 mark, several critical catalysts must converge. Futures and Funding: A Cautious Optimism The derivatives market is signaling moderate enthusiasm. SOL’s perpet...

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