🔶 Solana ($SOL ) 🔶
• Current price: ~$168 (up 4%–7% in 24h)
• Driving forces:
• SOL benefits from the resurgence of meme coins and NFTs within the Solana ecosystem, helping volume double in the week.
• The Jupiter liquidity protocol, MarginFi, and Kamino are experiencing strong growth, leading to a return of DeFi capital.
• However:
• Long-term capital (smart money) has not yet entered significantly, as large investors remain cautious about infrastructure stability.
• Demand from retail (small investors) is still not very sustainable, often focused on short-term FOMO phases.
• Technical data:
• The nearest resistance is at $176–$180.
• If it breaks $180, it may test the recent peak area of $192–$200.
👉 Need to closely monitor volume + funding rate to avoid bull traps.