Solana price rebounds on higher network activity and rising open interest

Solana’s blockchain activity has surged, with daily active wallets reaching a record 4.51 million and tokenized equity, xStocks and DeFi usage expanding. The renewed usage helped SOL climb 7.5 % on June 29, moving from $69.74 to a session high of $76.49, and positioning the token near the $78‑$82 resistance zone.

At the same time, open interest on Solana derivatives is rebuilding after a sharp collapse, signaling fresh bullish positioning. The token recovered from a support zone around $62, defended key levels above $70, and now shows an ascending price structure that could target $90‑$100 if momentum continues. Analysts note that sustained network usage and capital inflows will be critical for a lasting recovery.