Price Snapshot (Updated on 21/7/2025):
`🚀 $191.49 | 📈 24h: -0.40% | 💸 Vol: $19.67B | 🌟 ATH: $191.49`
"Slight decrease as SOL is gearing up for the BlackRock ETF push!"
News & Narratives (HOT UPDATE):
- Short-term:
- BlackRock files for SOL Trust (similar to IBIT), Polymarket predicts 85% chance of ETF approval in 2025.
- Unlock 7.5M SOL ($1.44B) from FTX on 28/7 - the largest selling pressure in SOL history.
- Long-term:
- Firedancer Mainnet: Speed 100K TPS, gas fee $0.00001 - a direct threat to Ethereum.
- AI Integration: Solana Labs launches Chatdango - a chatbot that processes smart contracts via voice.
Technical analysis (4H frame):
```
🟢 Support: $185 (EMA20) → $178 (Fibonacci 61.8%)
🔴 Resistance: $195 (Accumulation zone) → $200 (Psychological)
📈 MACD: Negative histogram but contracting, about to cross up
🌡️ RSI: 71 (Slightly overbought, needs adjustment)
```
Scenario:
- Break $195 → test $210 before ETF decision (October 2025).
- Drop <$185 → down to $170 due to profit-taking after unlock.
Strategy:
- Trader:
- Entry: $188-$190 (short-term support)
- TP: $195 → $205 → $220
- SL: $182 (-4.5%)
- Holder:
- Stake through Jito (APR 8.1% + MEV rewards)
- Farm JUP-SOL LP on Raydium (APR 62%)
Key risks:
```diff
- SEC reaffirms "SOL is security" - risk of ETF delay until 2026
- FTX sells 7.5M SOL unlock on 28/7 (~$1.44B) - accounting for 1.4% supply
- Competitor: Ethereum Cancun upgrade reduces gas fee by 80%
```
Conclusion
> "$SOL is playing the double game: Firedancer technology challenges ETH + BlackRock ETF lures Wall Street capital. Which side do you choose:
> 🔥 A. All-in peak at $250
> 💣 B. Waiting for FTX unlock to buy the dip
> 🤖 C. Just stake - ignore the FUD
