🔥 Solana breaks $200 and shoots OI to $11 B — heading towards $220+?
📊 Current price and clear technical structure
$SOL is trading at $202.50, after breaking the psychological level of $200 with strong weekly momentum (~+34%). A breakout from a symmetrical triangle on the weekly chart was confirmed, accompanied by a Golden Cross (EMA50 crosses EMA200) and an increase in volume 📈.
⚙️ Key factors
Market capitalization has already surpassed $100 B, a key milestone in H2 2025.
Open Interest in derivatives reached $11 B, breaking records, while daily volume rises to $34 B.
The upgrade of Jito BAM, along with the possible approval of Solana ETFs, boosts institutional confidence and network efficiency.
Technical indicators: Daily RSI exceeds 72 and MFI is at 83+, indicating strong buying pressure.
🔧 Technical level of the day
📌 Key support: $195–$200
📌 Immediate resistance: $218–$220
🎯 Critical zone: closing solidly above $200 confirms an extension towards $220–$225 with upward projection.
🌐 Institutional outlook / macro view
With ETFs like SSK active, updates like Jito BAM, and growing institutional flow, SOL consolidates as an attractive asset for large institutions (CoinShares reports +$39 M in Solana funds last week).
🤔 Do you think SOL will reach $220 this week or will there be a pullback first? Comment your view.
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