$SOL Solana has delivered a powerful 24-hour performance, reinforcing its bullish structure and attracting renewed investor interest. Trading above $218.91, SOL has surged 9.37% daily, marking its highest level since early 2025 and outperforming both Bitcoin and Ethereum in short-term momentum. The rally is supported by a textbook higher-low formation within a rising channel, with the 50-EMA at $212 acting as a dynamic support level. The hourly MACD continues to build in the positive zone, and the RSI has climbed to 62 without triggering overbought signals, confirming that momentum is aligned with price action.

Institutional inflows have added fuel to the rally. DeFi Development Corp recently acquired over 104,000 SOL worth $22 million, boosting their total holdings to $42 million. This accumulation, coupled with whale transfers from Binance to Kamino totaling 376,076 SOL ($80.7 million), signals strong conviction in Solana’s long-term potential. These moves suggest strategic positioning for yield generation rather than short-term speculation, reinforcing the bullish sentiment across the ecosystem.

Technically, SOL is consolidating gains above the 23.6% Fibonacci level of the $199–$220 advance, with immediate resistance at $220. A breakout above this level could trigger a run toward $228 and $232, where a close above the latter would confirm a structural breakout. If momentum persists, the next upside targets are $244 and $250, aligning with the top of the rising channel and historical resistance zones.

The derivatives market is also flashing bullish signals, with Open Interest reaching an all-time high of $14.68 billion and short liquidations outpacing longs, indicating broader capitulation among bears. As long as SOL holds above $214 and maintains its higher-low trajectory, the bullish bias remains intact. With ecosystem confidence rising and technical indicators favoring continuation, Solana appears poised for liftoff—potentially leading the next leg of altcoin expansion.

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