Solana Holds Near $121 as Traders Watch $125 Resistance

Solana (SOL) closed at $120.68 on Oct. 6 UTC after rising from roughly $103 on Sept. 6, with traders focused on a $125 resistance level as the token holds near $121.

SOL traded between $118.88 and $122 during the session. On Oct. 6 UTC, its market capitalization was $71.06 billion and 24-hour trading volume was $2.65 billion.

Futures open interest stood at approximately $7.32 billion. Open interest represents outstanding futures positions, but it does not show whether traders are net bullish or bearish because rising totals can reflect new long positions, new short positions or both.

Solana’s DeFi total value locked was approximately $6.62 billion, alongside $1.79 billion in 24-hour decentralized-exchange volume and 3.35 million active addresses. Total value locked measures assets deposited in applications on the network and provides context on ecosystem activity, but it does not directly determine SOL’s price.

Solana reduced its mainnet slot time to 250 milliseconds on Sept. 18. The available figures do not establish whether that change affected SOL’s recent trading.

For the market, $125 remains the cited resistance reference, while the latest close keeps SOL near the upper end of its Oct. 6 trading range.