😱 Solana Completes Wyckoff Phase
• SOL is trading at $177.77 (market capitalization $96.3B), recently completing the Wyckoff accumulation phase
• Key support established at $175, with resistance at $186.80 and the psychological level of $200
• Technical indicators show bullish momentum (positive MACD) with a balanced RSI, backed by a bullish sentiment of 87.6%
• The SEC guidance from August 5-6 exempted liquid staking protocols from being classified as securities
• Seven asset managers have filed for Solana ETFs with staking provisions, decisions are expected in September
• Institutional interest is confirmed by the deposit of 224,000 SOL from Galaxy Digital ($41M) on major exchanges
• Ecosystem developments include the Helium halving and innovations in Solayer restaking, enhancing yield potential