Solana’s SOL rose about 10% in the past 24 hours, climbing to an intraday high around $86 as markets recovered. Futures activity also picked up, with SOL open interest rising by more than 5% to $5.27 billion, underscoring demand. Analysts point to a bullish short-term setup, with a symmetrical triangle breakout pointing toward roughly $110 for SOL, aligning with the 50-day moving average. The rally is aided by gains across BTC and ETH and ongoing Solana ETF inflows.

Trading indicators show the pattern playing out, with a break above the six-hour triangle suggesting more upside toward $110. A close above the 100-day SMA near $86 would sustain momentum, while ETF inflows and whale accumulation add to the bullish backdrop.

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