As the Zeus Network prepares to integrate Solana (SOL) with the Bitcoin blockchain, the cryptocurrency has seen a surge in positive activity.

As of this writing, SOL is trading at $129.9, up 4% over the previous day. The market value of the asset exceeded the

Santiment's data shows that over the last ten days, the SOL's total open interest has constantly decreased, from $1.63 billion on April 22 to $1.35 billion at the time of reporting.

The decreasing open interest can be a sign of decreased volatility and liquidations in prices.

Furthermore, as the SOL price continued its downward trajectory, data from the market intelligence platform reveals that since April 29, the ratio of long to short trading positions on Binance has been cut in half.

This shows more trading contracts have been betting against a price hike.

Per Santiment, the SOL Relative Strength Index (RSI) surged from 43 to 50 over the past 24 hours. The indicator suggests that the asset is neither undervalued nor overvalued at this price point due to the bearish market conditions.

For SOL to stay in the bullish zone, its RSI would need to remain below the 50 mark. An RSI of over 50 could also suggest higher price volatility and even whale manipulation.

The bullish sentiment toward SOL comes after Zeus Network announced to potentially make Solana “the Layer 2 solution for all blockchains” with ZPL (Zeus Program Library) and assets powered by the so-called permissionless communication layer.

In simple terms, users could convert assets like BTC into a ZPL-Asset, zBTC for example, and gain access to the Solana ecosystem, per the announcement