The recent strong reasons for $SOL :
1. Technical breakthrough and structural recovery
SOL broke through the support of $152–$155 from a multi-day downtrend, forming a short-term rebound.
Technical indicators have risen: RSI around 53, MACD turned positive, Stoch RSI gradually rebounding from the oversold area.
Forms a breakout signal of an "ascending triangle", with a short-term target aimed at around $164.
2. ETF layout heating up
Market rumors suggest that the SEC is accelerating the review of the Solana ETF, requesting updates to the S-1 filing, and approval is expected within 3–5 weeks, prompting SOL to rise over 4–5%.
Successful ETF layout will bring a large amount of institutional funds and arbitrage trading, enhancing market expectations.
3. Signal of financial institution cooperation
The collaboration between R3 and the Solana Foundation further bridges traditional finance and public chains, and R3's $10B real assets can be migrated on-chain through Solana.
Several major banks (such as HSBC, BOA, Singapore Monetary Authority, etc.) are using this to promote asset digitization and strengthen institutional stability on the mainnet.
4. Network and ecological development
The SOL network continues to improve performance and stability, attracting DeFi and NFT projects through high-speed and low-cost transactions, increasing activity levels.
Real-time applications are increasing, including the launch of innovative projects like Flipcash payments, further enhancing ecological activity.
