Solana’s SOL SOLUSD has rallied 10% over the past 24 hours, rising to an intraday high of $86 on Wednesday.

The recovery was accompanied by a leap in futures activity, with SOL’s open interest rising by more than 5% to $5.27 billion.

Analysts are now focusing on the short-term technical setup and fundamental indicators that may signal a major turning point for SOL.

Key takeaways:

• SOL price has risen 10% in 24 hours, fueled by bullishness in the broader market and Solana ETF inflows.

• Solana’s symmetrical triangle breakout targets $110 SOL price.

SOL recovers with the crypto market

The SOLUSD pair rose as much as 13.6% to $86 on Wednesday from a two-week low of $75 on Tuesday, amid a marketwide recovery.

Bitcoin BTCUSD, the market leader,…