Solana (SOL) is back in the spotlight of the crypto market. In recent days, the cryptocurrency has recorded an impressive surge of nearly 13% in 24 hours, driven by lower inflation data in the U.S. and rising expectations of a rate cut by the Federal Reserve in September.
📊 Key factors behind the momentum
Institutional flows: large companies like Bit Mining, Upexi, and DeFi Development Corp. are aggressively accumulating SOL for staking and treasury optimization purposes.
Critical supports and resistances: the price is currently testing the 20-day EMA (~$178). A bounce from here could quickly take it to the $190–$200 zone and, in a bullish scenario, towards $220.
Expanding DeFi adoption: the ecosystem of applications and volume in DEX within Solana continues to grow, strengthening its position against competitors.
🔍 Technical scenario
Upwards: a solid break of $200 would open the way towards $220–$240.
Downwards: a loss of $178 could push the price towards the $171 support.
🌐 The challenge of competition
While Solana maintains a strong positioning thanks to its speed and low costs, emerging projects are arising that could compete for capital attention, such as Remittix (RTX) in the PayFi sector.
💡 Conclusion: Solana is at a decisive point. Institutional interest and the macroeconomic landscape play in its favor, but the technical behavior in the coming days will determine whether this rise is just a temporary momentum or the beginning of a new bullish phase towards $220.
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