Mr Rizv
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#solana (SOL) – Technical Analysis (Current Price: ~$176.2)
1. Price Action & Momentum
SOL has rebounded back above $175, indicating renewed bullish strength and prompting expectations for higher highs. (CCN.com)
- Chaikin Money Flow (CMF) is positive (~$0.19), pointing to buying pressure, while the Awesome Oscillator (AO) has turned positive—both reinforcing bullish momentum. (CCN.com)
2. Trend Structure
- Price now trades within an ascending channel, reflecting consistent higher highs and higher lows. As long as SOL remains within this channel, the bullish bias stays intact. CCN.com
The Relative Strength Index (RSI) broke above its resistance trendline—closing above the neutral 50 level—further supporting the upward outlook. CCN.com
3. Key Levels
Resistance Zones: Watch for breakouts above $181–$182, then toward $193–$194. A full breakout of the channel could catapult SOL to the $219 Fibonacci target, with upside toward $252 per technical projections. CCN.com
Support Levels: Immediate support is around $175–$176. If breached, downside risk could target $161–$162, which lies near the channel's lower boundary. CCN.com
4. Fundamentals & Institutional Activity
- SOL is benefiting from strong whale accumulation and ETF inflows (~$137M), coupled with a 3-year high in Total Value Locked (TVL)—all supporting a bullish backdrop and potential breakout past $200. CoinCentral
Large institutional players are stacking SOL too. Over 3.5 million SOL (worth ~$591 million) is now held by publicly listed companies, signifying growing institutional conviction.
#solanAnalysis
Follow for daily updates, you won't regret.
$SOL
1. Price Action & Momentum
SOL has rebounded back above $175, indicating renewed bullish strength and prompting expectations for higher highs. (CCN.com)
- Chaikin Money Flow (CMF) is positive (~$0.19), pointing to buying pressure, while the Awesome Oscillator (AO) has turned positive—both reinforcing bullish momentum. (CCN.com)
2. Trend Structure
- Price now trades within an ascending channel, reflecting consistent higher highs and higher lows. As long as SOL remains within this channel, the bullish bias stays intact. CCN.com
The Relative Strength Index (RSI) broke above its resistance trendline—closing above the neutral 50 level—further supporting the upward outlook. CCN.com
3. Key Levels
Resistance Zones: Watch for breakouts above $181–$182, then toward $193–$194. A full breakout of the channel could catapult SOL to the $219 Fibonacci target, with upside toward $252 per technical projections. CCN.com
Support Levels: Immediate support is around $175–$176. If breached, downside risk could target $161–$162, which lies near the channel's lower boundary. CCN.com
4. Fundamentals & Institutional Activity
- SOL is benefiting from strong whale accumulation and ETF inflows (~$137M), coupled with a 3-year high in Total Value Locked (TVL)—all supporting a bullish backdrop and potential breakout past $200. CoinCentral
Large institutional players are stacking SOL too. Over 3.5 million SOL (worth ~$591 million) is now held by publicly listed companies, signifying growing institutional conviction.
#solanAnalysis
Follow for daily updates, you won't regret.
$SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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