๐ Momentum Surge
SOL has surged ~22% in the past week, including an explosive +13% in one day, breaking through key resistance around $195 and firmly reclaiming the $200 level.
๐ Market & Technical Outlook
On-chain metrics remain strong, supported by dominance in DEX activity. However, some caution is warrantedโDEX volume share has dipped. Funding rates are muted, and whale selling signals uncertainty. Market attention now shifts to possible targets in the $220โ$270 range.
๐ Regulatory & Institutional Catalysts
The SECโs review of a Solana spot ETF could unlock institutional inflows. Meanwhile, broader altcoin momentumโdriven by billions in global market cap growthโmay propel SOL further.
๐ Ecosystem Strength
Solana continues to impress with 81% of DEX transactions, thriving developer activity, and growing DeFi/cross-chain adoption.
โ Outlook
Bullish indicators point toward $250โ$300 if momentum sustains. Stripe of caution remains: watch for possible pullbacks and structural resistance.$SOL