$SOL $SOL Solana (SOL) is trading at ~$147, consolidating below the resistance of $160, with a cup and handle pattern indicating a potential bullish breakout if it surpasses $160. The technical indicators show a buy signal: RSI at 60.10 (neutral), MACD line above the signal line, and the price above the 10, 20, 50-day EMAs, although below the 100, 200-day EMAs ($153.45). Fundamentally, Solana's DeFi dominance in Q1 2025, low transaction fees of $0.0025, and the upcoming SVM Summit 2025 bolster growth. Support is at $143.44; a drop below could test $120. Best entry: ~$132-$135 near SMA ($135.15) for dip buys, with a stop-loss below $120. Target $160-$175 on breakout. Volatility requires cautious risk. Follow me for updates
trade $SOL wisely.