$SOL is coiling tight in an ascending triangle, and you know what that means... 📈 A breakout is coming — but the big question is: Bullish or Bearish?
Here’s why I’m leaning bullish (short-term noise aside) 👇
🔥 ETF Catalyst: REX-Osprey Solana ETF just launched with staking — over $67M volume in 48h. Institutional money is trickling in. That’s huge.
📊 On-Chain Flex: TVL exploded from $2B to $8.6B in 2024. SOL is crushing it in daily active users (~3.3M!) and tx throughput. More usage = more demand.
💻 Dev Power: 2nd to ETH in GitHub commits. Sealevel parallelism, local fee markets, and speed make Solana a true L1 beast. 🛠️
🔒 Staking Effect: 65% of $SOL staked. That’s yield for holders and supply crunch for the market.
📱 IRL Adoption: From Solana Pay x Visa to Saga phones, it’s more than DeFi — it’s Web3 infra on the move. 🛍️📲
And if BTC breaks out post-halving… SOL could follow fast.
📉 Still hovering below key resistance (~$154), but momentum indicators (like CMF > 0) show inflows rising. Once that wall breaks — 🚀
Will we see $200 SOL in July? If BTC runs, don't be surprised if SOL overperforms.