SOL's on-chain metrics display robust utility, with Daily Active Addresses (DAA) consistently holding above 1.4M, indicating sustained network engagement. Perpetual funding rates have reset post-liquidation flush, and aggregated Open Interest (OI) has rebounded 12% in 24h, signaling renewed leverage deployment. The $119 resistance is a clear liquidity pool for a short squeeze. We project a decisive breach above $120 by May 1st as sidelined capital front-runs this technical setup. 90% YES — invalid if BTC drops below $58k.
SOL's on-chain metrics display robust utility, with Daily Active Addresses (DAA) consistently holding above 1.4M, indicating sustained network engagement. Perpetual funding rates have reset post-liquidation flush, and aggregated Open Interest (OI) has rebounded 12% in 24h, signaling renewed leverage deployment. The $119 resistance is a clear liquidity pool for a short squeeze. We project a decisive breach above $120 by May 1st as sidelined capital front-runs this technical setup. 90% YES — invalid if BTC drops below $58k.
