Is Solana (SOL) Ready for a Major Breakout Despite Trader Hesitation?

Yes, the underlying supply dynamics look bullish; the amount of $SOL held on exchanges is decreasing, which helps to alleviate selling pressure; concurrently, an increase in USDC inflows suggests potential buying demand from high-net-worth individuals or institutional players. $BNB

However, trading engagement remains cautious; SOL futures volume dropped by 3%, while BTC and ETH saw strong increases, indicating that professional trader participation and speculative leverage are still limited. $DOGE

What is the missing catalyst for SOL futures traders to finally commit?

#Solana #SOLSupply #USDCInflow #FuturesVolume

DOGEUSDT

Perp

0.12174

-1.28%

BNBUSDT

Perp

872.35

-1.18%

SOLUSDT

Perp

122.69

-3.19%