$SOL is currently trading around $193.44, with todayโs range between $185.68 โ $193.44. On the weekly chart, weโve just printed a bullish engulfing candle, a strong technical signal suggesting momentum could carry us back toward the previous ATH near $294.
๐น Institutional & Whale Activity
Whales are still moving big. One major holder just transferred 39,875 SOL (~$8.19M) to Bybit, locking in a 56% profit.
DeFi Development Corp (DFDV) dropped $22M to acquire 110,000 SOL, bringing their total stash to ~$273M. All of it is heading into staking โ conviction is real.
๐น ETF Momentum & Regulatory Outlook
The Solana staking ETF ($SSK) had its best trading day yet: $13M inflows and $60M+ volume.
Spot Solana ETF filings are progressing, and Bloomberg Intelligence sees favorable odds of approval this year. ๐
๐น Fundamentals & Price Action
DeFi TVL up 30%, app revenues up 211%, and real-world asset tokenization on Solana now near $391M.
Support zone at $175โ$180 still holding. Reclaiming $184 is key, but the real trigger is a breakout above $205.54, which could open the door to $250โ$260 targets.
CoinDCX research echoes bullish sentiment โ ETF hype could easily fuel a push toward $220+ if support levels remain intact.
๐น Broader Ecosystem & Rotation
Solana remains a leader among Layer-1s, alongside Hyperliquid and MAGACOIN FINANCE.
That said, smart money is also rotating into Remittix, a project focused on real-world cryptoโfiat payments and now approaching its presale exchange listing.
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๐ Quick Summary
Price: ~$193 (range $185โ$193) โ bullish weekly pattern
Institutions/Whales: Major buys, staking commitments
ETF Catalysts: Record inflows, spot ETF filings ongoing
Fundamentals: TVL +30%, revenues +211%, RWA adoption climbing
Technical Outlook: Key support $175โ$180; breakout $205+ โ $250โ$260
Macro Context: SOL still a dominant L1, but watch emerging projects
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๐ก Final Take:
Solana looks primed for continuation โ technicals, on-chain data, and institutional flows all align. The big level to watch is $205. A breakout there, and we could see acceleration toward the $250โ$260 range. Keep in mind though, capital rotation into new narratives (like Remittix) is worth tracking.
๐ For now, Iโm watching both buy dips into $175โ$180 and momentum buys above $205.
