📈 Solana (SOL)
• Key Resistance: $154–$155 — This is a strong barrier. A clear daily close above it may trigger a move toward $165–$175.
• Support Levels:
• First support zone: $140–$142
• Stronger support: $130–$132
• which supports the possibility of an upward breakout.
🧠 Fundamental Factors Driving SOL
• ETF Launch: Solana recently became the third crypto (after BTC and ETH) to get a U.S.-based ETF approval (REX/Osprey SSK), increasing institutional exposure.
• DeFi Growth: TVL (Total Value Locked) on Solana increased by 18% month-over-month. New DeFi protocols launching weekly.
• Institutional Buying: Funds and DeFi investment firms continue to accumulate SOL on dips, especially near the $140 level.
⚠️ Risk & Caution
• Failure to break $155 may result in a correction back to $140 or even $132.
• Volume divergence near highs could indicate short-term exhaustion.
• Regulatory uncertainty, or weakness in BTC, may impact broader altcoin performance, including SOL.
• The market is highly sensitive to U.S. inflation data, ETF news, and Federal Reserve rate updates.
✅ Summary
• Trend: Bullish bias with consolidation under resistance.
• Entry Zone: Ideal dips between $140–$144.
• Breakout Zone: Clean close above $155 could trigger rapid upside.
• Exit Caution: If price rejects near $155 with high volume and no follow-through, expect pullback.
• Investor Sentiment: Turning more optimistic thanks to ETF approval and strong user activity.
#DayTradingStrategy #TrumpTariffs $SOL