⚡ Price Action
$SOL Current Price: $187–$189, down 3.5–4% today.
Weekly Trend: Still up 4–6%, outperforming broader crypto markets despite short-term pullbacks.
🔑 Key Levels
Support: $185 — critical level; if lost, correction toward $176–$178 likely.
Resistance: $199–$210 — breakout here opens path to $224, with a bullish rally potentially targeting $360.
📊 Market Sentiment
Bullish Drivers:
Spot inflows of +$44M show strong buyer demand.
Institutional adoption rising with the first U.S. staked SOL ETF launched.
Bearish Pressures:
Over $30M in short liquidations, fueling volatility.
Breakdown below $185 could extend correction toward $141–$113.
🚀 Catalysts
Technical Setup: Inverse head-and-shoulders pattern pointing to a 20% upside toward $224.
Institutional Moves: Firms like Upexi plan to acquire $500M in SOL, echoing MicroStrategy’s Bitcoin strategy.
💎 Outlook
Short-term: Neutral to bullish as long as $185 support holds. Breakout above $210 could spark accelerated gains.
Long-term: Targeting $360–$500 by EOY 2025, supported by ETF inflows and Solana’s expanding network growth.
