$SOL 📊 SOL (Solana): Latest News & Market Analysis 📰
1. Price Action
– Trading near $154.50, with intraday range between $149.61 and $154.53  .
– Currently navigating a symmetrical triangle; critical break above $154–$155 could pave the way to $165–$175 .
2. Chart Signals
– RSI ~54 (neutral‑bullish), MACD showing early bullish crossover .
– Breakout attempt hinges on closing above $153–$154 on a 4‑hourly chart .
3. ETF & Regulatory Trends
– SEC guidance progressing toward Solana spot ETF approvals; odds now near 99 %  .
– First U.S. Solana staking ETF (REX‑Osprey SSK) launched with $12–20 M in first-day volume .
4. On‑chain & Ecosystem Growth
– High derivatives open interest (~$6–7 B), underlining strong trader confidence .
– Continued adoption in DeFi and NFT sectors fuels medium‑term momentum.
5. Outlook
– Short‑term: Watch for a breakout above $155 to target $165–$175 this month, or a drop to $142–$150 if resistance holds  .
– Long‑term: ETF momentum, robust network fundamentals, and institutional attention suggest bullish potential toward $200+.
