🚀 $SOL recovers to $175 after correction – heading towards $200 in sight
Current price and technical structure
Solana is trading at $175.38, after fluctuating between $167.02 and $179.14 today — a +2.8% gain in 24 hours.
It remains within its uptrend channel, showing strength after support at $170. This recovery could be forming a base for a next push towards $200.
Key factors of the day
Increase in institutional liquidity: +$137 million in ETF, with whale accumulation and record high TVL, positions SOL for a rally towards $200.
On-chain activity shows a solid technical recovery from support ≈ $170, with potential to continue ascending.
CoinMarketCap also reports high volume (~$6.4 B) and market capitalization at ~$94.6 B.
Technical level of the day
Key support: $170–$172 (recent lows)
Immediate resistance: $180–$182 (recent highs)
Critical zone: Staying above $175 would strengthen the bet towards $200–$206, with extension towards $225 according to projections.
Institutional outlook / macro vision
Institutional flow and technical adoption position SOL as a token of high macro interest, with sustained momentum and robust fundamentals (ETF, TVL, accumulation, technical recovery). This context makes it a relevant asset against less solid altcoins.
Will you join in taking advantage of this recovery or do you prefer to see a close above $180 before entering? Comment your strategy 👇
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