๐น Price Action
Current Price: ~$187โ$189 (โ3.5% to โ4% today).
Weekly Trend: Up +4โ6%, outperforming most majors despite pullback.
๐ Key Levels
Critical Support: $185 โ must hold to avoid slide toward $176โ$178.
Resistance Zone: $199โ$210. Breakout here opens path to $224 (technical target) and possibly $360 (bullish rally continuation).
๐ Market Sentiment
Bullish Drivers:
+$44M spot inflows this week โ strong accumulation signals.
Launch of first U.S. staked SOL ETF, fueling institutional demand.
Bearish Pressures:
$30M in short liquidations, adding volatility.
If $185 fails, downside risk extends to $141โ$113 range.
๐ Catalysts
Inverse H&S pattern โ points to potential +20% rally to $224.
Institutional Accumulation: Upexi eyeing $500M SOL buy โ echoing MicroStrategyโs BTC play.
๐ Outlook
Short-Term: Neutral to bullish if $185 holds. Watch $210 for breakout trigger.
Long-Term: Potential rally toward $360โ$500 by EOY 2025, backed by ETF flows + network growth.
โ ๏ธ Macro Watch: U.S. inflation data today may influence overall market sentiment.
