Solana Price Outlook Eyes $130 as Open Interest Climbs to $7.24B

Solana price rose 3.38% to $121.82 over 24 hours, extending recent gains as the broader cryptocurrency market recovered. 

The SOL has climbed 25% over the past month, bringing the $130 level into focus during the recovery.

Bitcoin price gained 2.88% as easing Treasury yields and short covering helped lift sentiment ahead of key U.S. economic data.

More than $244 million in short positions were liquidated across the cryptocurrency market during the same 24-hour period. Ethereum also joined the rebound, rising 2.06% to $2,761 as the recovery extended beyond Bitcoin into other major cryptocurrencies.

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Solana Open Interest Climbs to $7.29 Billion as Volume Falls

The Solana derivatives market was mixed, as the volume of trading fell by 4.48% to trade at 8.67 billion. The open interest increased by 1.74% to reach an amount of $7.29 billion, the total amount of open derivatives contracts. 

The volume of options rose by 11.03% to $19.56 million, which means that people are more interested in that part. But options open interest fell 11.19% to $87.32 million, signaling reduced outstanding exposure amid increased trading volume.

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Solana Records Strong App Revenue and Record Equity Participation

The Solana network earned $6.04 million in daily DApp revenues, outperforming Ethereum, Hyperliquid and BSC, together. Ethereum’s figure was $2.48 million, Hyperliquid’s was $1.63 million and BSC’s was $1.48 million.

NEW: @Solana surpasses Ethereum, Hyperliquid and BSC combined in 24-hour dApps revenue. pic.twitter.com/yfLPI3eOFa

— SolanaFloor (@SolanaFloor) October 2, 2026

The three competitors combined for $5.59 million, which is $450,000 more than Solana has over the reported period. In a separate report, data from Blockworks revealed that, as of October 1, 2026, there were a record 1,278,009 addresses on Solana that held tokenized equities.

The accompanying post stated 775,000 new tokenised equity holders in just one month, a huge jump in participation. The figures represent addresses that have tokenized equity products, which could not necessarily correspond to the number of individual investors.

Solana Price Eyes $130 as Bullish Momentum Builds Above $120

The SOL price rose to $121.87 on October 2nd, after a few trading periods that saw the SOL price trending around $120. 

The Relative Strength Index was at 6.3. That reading showed strong uptrend around the 60 level, which was still lower than the overbought threshold of 70.

The MACD line stood at 0.50, exceeding the signal line’s 0.06 reading. Its histogram increased to 0.44, supporting the bullish crossover visible in the supplied analysis. 

Immediate upside resistance remained at $125, close to the late-September peak. A sustained four-hour close above that barrier could open the way toward the marked $130 target as per Solana price outlook for long term. Reaching that level would represent approximately 6.7% upside from the displayed quote.

However, holding $120 remained central to the bullish scenario outlined by this setup. A decisive break below that area could expose the next marked support at $115.