Why $SOL Might Just Be Getting Started

Solana is undoubtedly one of the most attention-grabbing assets in the market right now. In my view, the current $SOL trend is more than just a short-term bounce—it's shaping into a well-defined uptrend. With rising ETF demand and growing activity in the L2 ecosystem, fundamentals are aligning with strong technicals.

Currently trading at $151.03, Solana shows strong momentum, with the ADX nearing 100—a rare signal of a highly directional market. While the RSI sits at 76.3, typically considered overbought, in strong bullish phases this often signals further upside rather than reversal.

The key support zone lies between $148–150. If we get a pullback here, it may offer a solid re-entry. A break below $147, however, could indicate a short-term downtrend. On the upside, the $153.2–155 resistance zone is critical. A breakout with volume here could quickly open the door to the $160–170 range.

My preferred trade setup is a long position above $153, targeting $158.8 and $162.5, with a stop loss around $150.9. If the price drops below $148, a short setup could form, but I see that as a lower probability scenario for now.

Overall, the current narrative isn’t about when the rally will end, but rather how far it can go. No clear sell signals have emerged yet, and the chance of a breakout to new highs is still in play. That said, I’d keep leverage conservative—under 5x—and only act on confirmed signals.

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