š¹ Solana Bulls Eye $225 ā Is the Next Leg Up Coming?
In the past 24 hours, SOL has climbed over 5%, breaking past the key $200 level near a descending trendline resistance. If it can hold support at this trendline and clear $210, the next target could be a run toward $225.
Momentum indicators show mixed signalsāRSI is nearing overbought territory and the stochastic oscillator is already overheated, suggesting bullish strength but also a risk of short-term pullback. Meanwhile, the MACD has crossed above its signal line, pointing toward continued upward momentum.
On the fundamentals side, Solana ranks 4th in stablecoin supply with $11.17B locked, according to DeFiLlamaāUSDC makes up 75% of that.
Adding to network activity, Dogwifhat (WIF) has launched its own Solana validator in partnership with DeFi Development Corp (DFDV). The staking rewards, MEV, and other validator earningsāafter costsāwill be split between the Dogwifhat community and DFDV. The firm holds over 1.3M SOL (about $250M in value).
With the MACD flashing bullish and strong ecosystem developments, SOL could still aim for $225āprovided it maintains momentum above key resistance levels.
