$SOL

🚀 SOL Snapshot

Price: ~$178, up ~10% over the past week, currently hovering just under the $180–185 resistance zone

Futures Open Interest: ~$9.1–9.7B — new all-time high, signaling significant leverage entering the market

On‑Chain Strength:

DEX volume: $1.4 T in July — massive decentralized trading activity

TVL: ~$9–9.7 B across DeFi, staking & NFT platforms, consistently rank 2nd after ETH

🔥 What’s Fueling the Move

Leverage buildup: Rising OI shows fresh long positions and institutional involvement

Network usage boom: Record DEX volume and TVL point to sustained real activity

Technical breakout: Broke above $170 on bullish formations (cup‑and‑handle), now testing $180–185

🎯 Trade Setup

Support: $170–175 (prior resistance zone)

Breakout Trigger: Confirmed close above $185 → Targets: $200 → $220+

Risk Zone: Drop below $170 could signal pullback to $160

TL;DR: SOL is surging on record futures activity, massive on-chain usage, and bullish chart patterns. A strong break above $185 may pave the way toward the $200–220 zone.

➡️ DYOR .

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