📈 Solana (SOL) is riding the momentum of Bitcoin and Ethereum, pumping 17% this past week to trade near $173. With a $89.8B FDV and $8.8B in daily volume, SOL is inching toward a critical resistance level at $181.
💥 Volatility is up—$31M in net liquidations and $47M on-chain suggest a looming short squeeze. Traders are on edge as leveraged positions get wiped out.
🏦 Institutional interest is booming. SOL Strategies and memecoin mania have pushed Solana’s TVL above $8.7B. U.S. fund managers are eyeing spot ETFs, and the Trump-era SEC is showing fast-tracked crypto support.
📊 Technically, SOL has broken out of its falling log trend. The 2H MACD is above zero, and RSI is over 70—clear signs of bullish pressure. Targets? $187 short-term, $240 if momentum holds.
🔄 Watch for confirmation if SOL flips the 200-day SMA—macro bulls will be all-in.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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