Retail traders are piling into Solana (SOL) as the price rebounds from $190, reaching $213. The SEC will make a final decision on a Solana ETF by Oct. 10, prompting traders to position themselves for potential new highs in the next 2 weeks.

Retail investors bought the dip as Bitcoin and the crypto market sold off, with retail accounts on Binance and institutional investors at Coinbase showing increased buying activity for SOL.

To reach new highs, traders will monitor SOL’s aggregate open interest at exchanges and CME futures data. A return to the levels seen on Sept. 18, when SOL hit $253, is anticipated, with CME future open interest at $2.12 billion and futures volume at $1.57 billion.

Read more at Cointelegraph: SOL Dip Buyers Go Long As SEC Solana ETF Decision Looms