Is $SOL Set to Breakout Above $160? Here’s the Real Deal 🚀
📊 $SOL is trading at **$157.29**, up ~2.2% today with a range between $153.16–$159.15. Quiet build-up or explosive move incoming?
🛠️ Technical Setup:
- Symmetrical triangle forming — squeeze brewing between $150–$153 and $159–$160 resistance
- DMI and RSI trending upward — signs of bullish momentum taking hold
- 200‑day EMA around ~$159 — tough ceiling, but breaking through could target $165–$172 next
📈 On‑chain Edge:
- Solana matched ALL other L1 + L2 chains combined in June — surging network demand
- Daily active addresses spiked above 14M — most seen in months — healthy accumulation
📰 Fundamental Catalysts:
- U.S. SEC just issued new ETF guidance—shortening approval timelines (~75 days), including for Solana products
- REX-Osprey Sol + Staking ETF already pulled ~$12M on debut—confirmation of institutional interest
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**So — what’s your strategy?**
🔘 ✅ Bullish — buy the breakout above $160–$161
🔘 🟠 Wait for a retest near $150–$153
🔘 ⚠️ Bearish — fade near the 200‑EMA resistance
👇 Drop your pick & reason — this heat check is LIVE!
#Solana #ChartAnalysis #CryptoTrading #AltSeason