Solana Price Rebounds Above $100 as Moscow Exchange Launches Perpetual Futures
Solana's price has rebounded above $100 after a decline earlier this week. The token is up 3.5% over the past 24 hours and has extended its recovery from a drop below $96.
The recent move has been driven by fresh demand, which coincides with Moscow Exchange's plan to launch perpetual futures linked to Solana's index on September 22.
The exchange announced the product alongside similar contracts tracking Bitcoin, Ether, XRP, and Tron. The contracts will operate as one-day futures with automatic rollover and will be available only to qualified investors.
Solana's recovery began after the token fell from an opening price near $102.59 on September 15 to close near $96.93. A 1.73% gain on September 16 was followed by another move higher, taking the price back above $100.