📊 Solana (SOL) 24‑Hour Outlook by

🚀 Expected Upside Move to $155

Solana has just broken out of a multi‑month falling wedge and is comfortably trading above its 50‑day EMA at $140. Over the past week, SOL moved from $132 up to $150 on rising volume, showing strong buyer conviction. With the Relative Strength Index sitting at 63—still below overbought territory—and positive MACD momentum, the path of least resistance points higher.

📈 Key Price Action

Over the last 24 hours, SOL held support near $145. The next upside target is $155, where Fibonacci resistance and the 200‑day EMA converge. A close above $152 today would confirm this move, suggesting a rally toward $155 by tomorrow evening.

🔍 On‑Chain Strength

Solana’s network remains busy, with about 4 million active wallets and 90 million daily transactions. Major whales recently moved 374,000 SOL off Binance, signaling accumulation rather than distribution. Meanwhile, total value locked in Solana DeFi sits near $8 billion, underlining continued demand for liquidity and staking.

💬 Market Sentiment

The crypto Fear & Greed Index is at 65 (“Greed”), reflecting bullish trader mood. Social chatter around Solana mobile phones, NFTs, and new DeFi launches is heating up. Influencers highlight SOL’s scaling upgrades and ecosystem growth, boosting confidence in further gains.

📅 Macro Drivers

Broader markets are calm ahead of the Fed’s May 7 decision. If risk assets hold steady, SOL should follow tech stocks higher. No major regulatory headwinds for SOL are on the horizon—CME’s planned SOL futures listing adds institutional credibility.

🔥 Trade Signal

As per the data, SOL is expected to increase to $155 within the next 24 hours. Enter near $148–150, targeting $155. Place a stop just below $145 to protect capital.

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