Market Outlook
A bullish engulfing candle has formed on Solanaโs weekly chart, signaling strong upward momentum. Analysts suggest this setup could pave the way for a retest of the previous ATH near $294.
Institutional & Whale Moves
A whale shifted 39,875 SOL (~$8.19M) to Bybit with a 56% profit โ showing continued confidence.
DeFi Development Corp (DFDV) invested $22M to acquire 110,000 SOL (now holding ~$273M), all of which will be staked for yield.
ETF & Regulatory Boost
The Solana staking ETF ($SSK) recorded its biggest day yet with $13M inflows and $60M+ in volume.
Spot Solana ETF S-1 filings are underway, with Bloomberg Intelligence noting favorable approval odds in 2025.
Fundamentals Remain Strong
DeFi TVL: +30%
App Revenue: +211%
Tokenized RWAs on Solana: ~$391M
๐ Technical levels:
Key support: $175โ$180
Resistance reclaimed: $184
Breakout above $205.54 โ potential targets: $250โ$260
Research from CoinDCX suggests ETF optimism could push SOL toward $220+, provided support holds.
Wider Altcoin Rotation
Solana leads Layer-1s with strong scalability & liquidity. But smart money is also eyeing Remittix, a project gaining traction for real-world cryptoโfiat payments ahead of its presale exchange listing.
๐ Final Thoughts
Solanaโs momentum looks solid โ a mix of bullish technicals, whale confidence, ETF inflows, and strong fundamentals. A confirmed breakout above $205 could ignite a powerful rally.
๐ Traders: Watch the $175โ$180 support and prepare for volatility around ETF news.
๐ Trade Idea
โ Buy the dips near $180โ$185
โ ๏ธ Take profits near $250โ$260 if breakout confirms
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