📍 🚀 Solana surpasses $203 after institutional record and network boom
🔹 Current price: $203.39
🔹 Daily change: –1.15% after intraday high of $206.16
🔹 Trend: Bullish after the breakout above $200
🧠 Key factors of the day:
$SOL rises +2.07% today, +45% in July, as institutional and developer adoption grows.
Institutional capital: 2.95 M SOL (~$531 M), acquired by 14 entities so far this month.
Open interest in derivatives reached a record of $11 B, accompanied by strong volume (~$34 B daily).
The first Solana ETF (REX-Osprey SSK) debuted with $20 M in volume, being a pioneer in the U.S.
🔧 Key technical level today:
Support: $195–$200 (base of the ascending channel)
Immediate resistance: $206 (intraday high)
Critical zone: solidifying above $203–204 with volume paves the way to $218–$225
🌐 Macro/institutional outlook:
SOL is consolidating as an attractive option for major players: its active network, corporate appetite, and pioneering ETF (SSK) position SOL as a structural asset for future portfolios.
Additionally, more ETFs—from ProShares, Franklin Templeton, VanEck, and 21Shares—are expected to arrive in 2025, which could intensify demand.
Will SOL break $225 before the end of July?
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