➡️ $SOL
Nearing $220 — But Whales Are Taking Profits. What’s Next?
$SOL just surged from the $170s to a high of $208 in no time and is now hovering around $203, still holding momentum. The chart remains bullish — but here’s the twist: whales loaded up heavily between $180–$190, and as soon as price touched $208, they began offloading. That’s likely why the rally stalled — classic profit-taking while retail chases green candles.
But this isn’t just a chart story. The real fuel?
👉 VanEck and Jito just filed for the first liquid staking-backed Solana ETF — a big move that signals serious institutional interest in the Solana ecosystem. Pair that with over $13B in 24h trading volume, and it’s clear the buzz is real.
📈 Eyes are now on the $210–$220 zone. Analysts say if $210 breaks with strength, $220 is well within reach.
🔍 My read:
$200 is the key pivot.
Stay above = $220 likely next.
Break below = Quick flush to $190s, then bulls may regroup.
⚖️ Short term, I’m cautious — whales already bagged their gains.
📈 Mid term, still bullish — the ETF isn’t just hype; it’s a sign that Solana is evolving into an institutional-grade asset.
Right now, it’s a tug-of-war: whales exiting, institutions entering. If $SOL catches a clean breakout, momentum could go vertical. If not, I’m watching for a $190 reload.