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Solana’s Momentum Strengthens Amid Institutional Accumulation and Technical Buy Signals
Solana (SOL) has shown strong momentum recently, now trading near $201 after fluctuating between $174.55 and $201.96 in a single day. Trading volume has risen sharply, indicating increased investor interest. A key driver of this rally was Visa’s decision to integrate Solana into its stablecoin settlement program, pushing SOL up by more than 4%. Institutional investors have been actively accumulating SOL: DeFi Development Corp purchased 110,466 SOL, Bit Mining acquired 27,191 SOL to establish a validator, and Upexi expanded its holdings from 735,692 to over 2 million SOL in July.
From a technical perspective, Solana is delivering strong buy signals across multiple timeframes. Breaking the $200 resistance could trigger a rally of 20–40%, according to analysts. However, some experts anticipate a short-term correction of around 10% before a larger upward move. Overall, SOL’s mix of institutional demand and bullish technicals keeps it in the spotlight for traders.
#solana #SolanaUSTD
Solana (SOL) has shown strong momentum recently, now trading near $201 after fluctuating between $174.55 and $201.96 in a single day. Trading volume has risen sharply, indicating increased investor interest. A key driver of this rally was Visa’s decision to integrate Solana into its stablecoin settlement program, pushing SOL up by more than 4%. Institutional investors have been actively accumulating SOL: DeFi Development Corp purchased 110,466 SOL, Bit Mining acquired 27,191 SOL to establish a validator, and Upexi expanded its holdings from 735,692 to over 2 million SOL in July.
From a technical perspective, Solana is delivering strong buy signals across multiple timeframes. Breaking the $200 resistance could trigger a rally of 20–40%, according to analysts. However, some experts anticipate a short-term correction of around 10% before a larger upward move. Overall, SOL’s mix of institutional demand and bullish technicals keeps it in the spotlight for traders.
#solana #SolanaUSTD
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