S$$OL's current price is $174.47, with a recent 7.69% increase. Analysts predict that institutional investor demand for Solana-based staking options could drive the price toward $185 resistance. Liquid Collective's introduction of a liquid staking token (LsSOL) in partnership with major players like Coinbase and Kraken may contribute to this potential rally.$SOL
Key factors supporting this prediction include
Increased Demand: Growing interest in liquid staking solutions and higher institutional investment could push SOL's price up.#AltcoinSeasonLoading
Technical Indicators: The 20-day exponential moving average has started to turn up, and the relative strength index (RSI) has risen close to the overbought zone, signaling a potential upside.
Price Pattern: SOL completed an inverse head-and-shoulders pattern with a break above $159, and bulls have held onto the level during the retest.
However, bears would need to pull the price below $169 to negate the bullish outlook. If SOL maintains its current momentum and breaks above $185, it could potentially surge to $210. Conversely, failure to sustain the gains might lead to a drop toward $144 or $137
