Solana price prediction this week – Everything you should know!

Key Points

1. Solana's price broke out from its July compression ahead of the FOMC minutes, but bearish bets in the options market suggest caution among traders.

2. The Put/Call ratio shifted from 0.35 (bullish) to 1.19 (bearish) between 7-9 July, indicating increased hedging against a potential pullback.

3. Open Interest (OI) rebounded to $7.1 billion in Q2, but a decline in spot CVD (Cumulative Volume Delta) signals weak demand, raising concerns about the sustainability of the breakout.

4. A liquidation hunt could drive SOL to $154.6 or $158, but $145 remains a critical level with $600 million in cumulative longs.

5. The realized price of $131 is a key support level; a sustained drop below it would invalidate the bullish market structure.