$SOL
TEAM
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➡️Solana (SOL) is trading around $146–$149 after finding support at its 50-day EMA near $140. The price could rally toward $170–$185 if it breaks the key $150 resistance.
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➡️Institutional interest is rising, with BitGo partnerships and Upexi Inc.'s $100M SOL purchase. On-chain data shows whale accumulation and increased stablecoin usage, pushing Solana’s stablecoin market cap to $13B. Bloomberg now gives a 90% chance of a Solana spot ETF approval in 2025, adding to bullish sentiment.
↪️Despite a recently patched vulnerability sparking centralization concerns, Solana’s Q1 performance outpaced Ethereum in revenue. Technical indicators, rising open interest, and strong network fundamentals support a breakout, especially if global liquidity continues to grow.
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