Solana has bounced strongly off its $140–$146 support band—climbing ~10–15% from those levels—supported by high network activity, increased DeFi/NFT usage, and institutional interest . Technicals show SOL trading within an ascending channel, consolidating between $155–$175, with resistance looming at $180–$188; a breakout above $178–$180 could trigger a push toward $200 . However, liquidity outflows of about $10 billion and modest institutional inflows (~$0.5 M this month) suggest some caution . On fundamentals, Solana remains a major layer‑1 ecosystem with 1,500+ projects, high scalability, and growing adoption—including a new SocGen stablecoin deployment .
Summary: Bullish tilt in short term—support clear, momentum building; but watch $180–$188 resistance and inflows for confirmation.
