$SOL continues to break out around $160–164 thanks to ProShares Solana ETF, extensive DeFi/NFT integration, and preparation for the Firedancer upgrade, creating a foundation for sustainable growth.

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1. Updated today

Current price: approximately $163.9, up ~1.8% in 24h

24h Volume: approximately $6.4–6.5 billion

Market cap: ~$86–88 billion, circulating ~536–605 million SOL

Sentiment: +8% in 7 days; top 3 Layer-1s are rising strongly

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2. News & price momentum

🔹 Short-term catalysts

ProShares Solana ETF launched in the US, attracting institutional cash flow

Integrating xStocks via Kamino and Solana Treasury with an additional capital injection of $200M from Upexi

Firedancer upgrade is coming, expecting improvements in stability and network speed

🔸 Long-term narratives

PoH + PoS + Sealevel, high-speed Layer-1 solution → suitable for DeFi, gaming, NFT

Large ecosystem, serving dApps, NFTs, memecoins → maintaining top 6 global position

Inflation decreasing, inflation from ~8% → ~1.5% → creating gradually tightening supply pressure over time

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3. Technical analysis & scenarios

Due to limited data sources, technical analysis inspired by SOL's general chart:

Trend: SOL breaks out of the accumulation zone around $150–155, ready for medium-term breakout.

RSI / MACD: Near neutral level, bullish bias, confirming upward momentum according to breakout

Support – Resistance:

Support: $155–158 (breakout zone, near the latest bottom)

Resistance: $180–200 (near ATH ~ $294), psychological resistance zone

Scenario:

✅ Bull: Stay above $158, continue to rise to $180 → $200

❌ Bear: If it breaks $155 → drop to $140–150, check trend

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4. Proposed investment strategy

Short-term traders

Buy zone: $160–162 (when price retests after breakout)

Target: $180–200

SL: below $155

Entry when volume > $7 billion or clear ETF inflow

Medium – long-term Holder

Accumulation: $155–160, linked to ecosystem narrative & protocol upgrades

Long-term target: $200–300 (in 6–12 months if adoption, ETF acceleration, stable solutions…)

Long-term SL: below $140, review if FUD, hack, severe drama

> ⚠️ Not investment advice. DYOR & manage capital appropriately.