๐ Solana Market Outlook: Can SOL Break $250?
๐ Current Status
SOL trades around $241, testing the key $240โ$260 resistance zone.
Futures open interest surged to $16.6B, signaling strong trader positioning.
Solana DeFi TVL now above $12B, with whale accumulation rising.
๐ฅ Bullish Case
Breakout above $250 could push SOL to $280โ$300.
Institutional adoption (e.g. $1.65B Solana treasury pivot) adds fuel.
Improving reliability + growing ecosystem = stronger longโterm outlook.
โ ๏ธ Risks to Watch
Resistance at $250โ260 may trigger pullbacks.
Macro & regulatory pressure can weigh on crypto broadly.
Network competition & outages remain concerns.
๐ Long Term Potential
Analysts see possible targets of $400+ if momentum, adoption, and market sentiment align in the next bull run.
โ Credits: Cointelegraph, Cryptonews, Investopedia, Cryptopolitan, TradingNews, InvestingHaven
