[Analysis] "Solana, Potential for Further Increase"

Bloomingbit Newsroom

Summary

Solana (SOL) recently recorded a maximum 48% TVL increase, indicating potential for further increase.
Cointelegraph reported that based on Solana's on-chain activity and derivatives market data, an additional price increase is expected.
However, excessive optimism could pose an unexpected downward risk, and caution is advised.

Recently, there is speculation about the potential for further increase in Solana (SOL), which has recorded an all-time high. On the 28th (local time), Cointelegraph stated, "Based on Solana's on-chain activity and derivatives market data, an additional price increase is expected." In fact, Solana's Total Value Locked (TVL) increased by 48% over 30 days until the 27th. In comparison, Binance Coin (BNB) grew by 14% and Tron (TRX) by 13% during the same period, making this a notable achievement. Currently, Solana's 2-month forward premium is at 23%, marking the highest level in 7 months. However, the media warned, "There is a risk of unexpected downward pressure due to excessive optimism," urging caution.

SOL