🚀 Solana’s Big Test Ahead
$SOL is stuck in a heavy sell zone between $170–$203, keeping the market choppy since March. But the tide might be turning. With BTC dominance dropping from 66% → 61%, altcoin sentiment is heating up 🔥. The Altcoin Season Index is flashing green, hinting we could be on the edge of an altseason.
On-chain tells a bullish story:
✅ Positive funding rate for a month straight — a macro bullish sign.
✅ Futures OI hit an all-time high above $10B → traders are betting big.
✅ Institutions are stepping in — one Solana treasury secured a $500M credit line to stack SOL.
✅ Whales keep accumulating. 🐋
Technicals? Weekly chart shows a make-or-break zone: hold above $170 and we could see a run to $200+, maybe $254 midterm. But watch out — there’s also a macro head & shoulders and RSI divergence.
Bottom line: If $SOL breaks above $203, we might just witness fireworks. 🎇 Until then… accumulation and patience might pay off.