🔥 $SOL dips to $192 after a 25% rally, but holds key support
📊 Current price and clear technical structure
Solana is trading at $191.82, after reaching an intraday high of $205.92. Despite the ~7-8% pullback from yesterday's ATH, it remains within the daily bullish channel that started from $160. It stays above the key support in the $190–$192 range.
⚙️ Key factors
The REX-Osprey SSK staking ETF surpassed $100M in AUM in just 12 days, showing institutional demand for yield in Solana.
Upexi accumulated 1.8M SOL (~$330M) in its treasury after raising $200M, and an analyst predicts targets of $400–$500 if the bullish structure continues.
Solana led the altcoins in July with +25%, although today it softens after a technical correction.
The OI in derivatives remains strong, reflecting confidence in a rebound from current levels.
🔧 Technical level of the day
📌 Key support: $190–$192 (intraday lows and base of the channel)
📌 Immediate resistance: $205–$207 (intraday high + upper edge of the channel)
🎯 Critical zone: holding above $192 would open the possibility of recovery towards $205–$210, with an extension to $225.
🌐 Institutional outlook / macro vision
SOL is shaping up as a solid option for “yield + capital appreciation.” The staking ETF, combined with corporate accumulation and a robust ecosystem, makes it an ideal candidate for institutional portfolios interested in returns and growth.
Will you take advantage of the correction to add SOL near $190 or wait for confirmation to return above $205? 👇
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