📍 Current Zone: SOL is hovering near $205, testing a crucial resistance level.
1️⃣ Resistance Test at $206
Solana has now made its third attempt since July to break the $205–206 resistance. If bulls push through with strong volume, the next target sits around $220. Failure here, though, could drag SOL back toward $195 or even $180.
2️⃣ Institutional Tailwinds Building
Institutional demand is quietly stacking up:
Pantera Capital is working on a $1.25B Solana treasury firm.
Staking ETFs & major funds are circling in.
Regulatory clarity could further fuel inflows.
This kind of backing shows Solana is being positioned as infrastructure, not just another altcoin.
3️⃣ Market Mood: Mixed but Improving
SOL has bounced 14% in the past week, reclaiming $200 after slipping earlier. But given how altcoins are trading overall, some analysts are still cautious.
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📊 3 Possible Scenarios Ahead:
🚀 Bullish: Break above $206 → Target ~$220
🤝 Neutral: Hover $200–205 while market digests
🔻 Bearish: Failure to break → Pullback $180–195
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⚠️ Disclaimer:
Crypto moves fast and is highly volatile. This is market insight — not financial advice. Always DYOR before investing.
