💣💣💣🔥🔥 Reaches Maximum Historical.
SOL has risen to $191.24, breaking a key resistance at $154-159 and $180-188. Technical indicators show strong momentum with the MACD at 7.5535 and the RSI at 70.31.
Meanwhile, the double bottom pattern suggests a continued bullish potential. The main catalysts include:
• A 140% increase in DEX volume on Solana
• The deadline for re-depositing with the SEC in July is approaching
• 99% probability of approval for the SOL spot ETF by the end of 2025
• Rex Shares' SOL staking ETF reaches a NAV of $42M
Price targets show $185-190 (already reached) and $262 in the medium term (59% increase). The long-short position ratio of 5.8:1 confirms a bullish positioning.
However, one must be cautious of volatility. Support zones include $177-180 and $164-169.
