Solana (SOL) is currently trading around $158.72 USD, with a 3.8% increase today. This is an attractive opportunity for investors looking to participate in one of the fastest and most cost-effective blockchains today.

📈 Why should you buy Solana right now?

1. Positive technical analysis

Solana has just broken out of a rising triangle pattern, with a short-term price target of up to $164. If it surpasses this resistance level, SOL could continue to rise to $180 and even $200 in the near future.

Additionally, the cup and handle pattern on the daily chart indicates the potential for a bullish reversal, with a long-term target of up to $238 if SOL breaks through the $183 resistance level.

2. Stable cash flow and positive signals from on-chain

Data from Glassnode shows that cash flow from exchanges is moving out, indicating low sell pressure and investor confidence in SOL remains strong.

3. Upcoming Solana ETF event

The U.S. Securities and Exchange Commission (SEC) has declared that the native staking of digital assets is not a security, paving the way for the approval of the Solana ETF. Major institutions like Fidelity, Grayscale, and VanEck are awaiting this decision, which could occur in October this year.

🔮 Future outlook

If SOL maintains above the support level of $144 and surpasses the resistance level of $160, the price could continue to rise significantly, aiming for a target of $200 in Q3/2025. This is an attractive investment opportunity before key events take place.

✅ Conclusion

With a strong technological foundation, positive technical signals, and important upcoming events, Solana is a worthy consideration for your investment portfolio. Consider buying $SOL