$SOL
📈 Current Technical Analysis
Key Technical Levels:
Support: The $200 level is considered a strong psychological and technical support.
Resistance: SOL faces resistance at $212, and if this level is breached, the price may target $227, which is another significant resistance level.
Technical Signals:
20-Day Moving Average: The price is trading above this average, indicating bullish momentum.
MACD Indicator: Shows an improvement in momentum, supporting the upward trend.
🧩 Influencing Fundamental Factors
Alpenglow Upgrade: The Alpenglow upgrade has been approved with 98%, aiming to enhance transaction execution speed and network efficiency, thereby increasing Solana's appeal to developers and users.
Institutional Flows: Reports indicate an increase in institutional flows towards Solana, strengthening its position in the market.
