🚀 Is $SOL ready to go parabolic? Solana is showing signs of something big. According to on-chain analyst @ali_charts, once $SOL breaks past the $200 mark — a key psychological & structural level — there’s little to no resistance ahead. 📈
The URPD data confirms this: the largest selling clusters are already behind us ($165–$176). Above $200, token concentration drops sharply. That’s your launchpad. 🚀
🔍 Open Interest has cooled from its YTD high ($12B → $10.56B), flushing out excess leverage. Less froth = less downside risk. Yet, OI remains elevated, suggesting strong market engagement. That’s often a bullish reset before the next leg up.
🧠 TA check: SOL is consolidating around $185–$188. RSI at 60 = out of the danger zone but still healthy. MACD’s still bullish (barely). Volume is down, but that’s normal post-breakout. As long as we hold $180, structure = bullish.
TL;DR: If $SOL cleanly breaks $200.59, it could reclaim — and possibly surpass — its ATH. All eyes on the next breakout. 🎯