📊 TECHNICALS (4H Chart)
- Support: $148.50 (Daily Open) → STRONG
- Resistance: $155.50 (June 12 High) → BREAK = ACCELERATION
- Next Target: $162 (Weekly Fib 0.618)
- RSI: 62 (Bullish, Not Overheated)
- Volume Profile: Bullish divergence forming.
Trade Setup:
> ✅ Longs: Above $150.50 (4H close) → Target $155.5 → $162.
> ⛔ Shorts: Only if breaks $146 (Stop-Hunt Zone).
🌐 TODAY’S FUNDAMENTAL DRIVERS
1️⃣ CPI DATA REACTION (Just Released):
- US Inflation ↓ (3.3% vs. 3.4% exp.) → Risk-On BOOST for alts.
- SOL/BTC pair rising → Capital rotation from BTC to SOL.
2️⃣ ECOSYSTEM NEWS:
- Render ($RNDR) Migrates to Solana: DePIN heavyweight confirms SOL as core infra.
- Jupiter LFG Launchpad: New projects (e.g. Zeus Network) driving SOL staking demand.
- Firedancer Testnet: Live → Zero downtime hype building.
3️⃣ MARKET SENTIMENT:
- Funding Rates: Neutral (0.01%) → No leverage excess.
- Open Interest: $2.3B ↗️ 15% (Smart money accumulating).
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⚠️ KEY RISKS
- BTC Dominance: If BTC reclaims $67.5K, altcoin pullback likely.
- SOL ETF Delay: SEC may postpone decisions post-ETH ETF → Short-term FUD.
- Low Float Gems: Meme coin volatility ($WIF, $BONK) could spill into SOL. $SOL
