Solana ($SOL ) is gearing up for a major move.
๐ Current Status:
SOL is trading just below a key resistance zone of $180โ$188. This area is critical. A strong breakout above $188 could send the price flying to $210โ$220 soon โ and possibly $250+ by late 2025.
๐ฅ Why the Hype?
๐ Firedancer upgrade (10x network speed)
๐ง $100B+ liquidity unlock via SecondSwap
๐ SOL ETF approval chances: 82%
But itโs not all bullish... ๐จ
If SOL fails to break resistance, it may dip to $160 due to:
Regulatory risks
Chinaโs crypto stance
Heavy dependence on meme coin revenue (75% in Q1!)
๐ Strategy: What Should You Do?
๐ Watch Closely:
Keep an eye on the $180โ$188 zone.
๐ข Buy only if:
Confirmed breakout above $188 with strong volume.
๐ด Avoid if:
Price gets rejected again โ likely pullback to $160.
โ ๏ธ Use stop-losses to manage risk and stay updated on:
ETF developments
Firedancer rollout
