[Explosive Market Forecast] Solana Soars 17% to Challenge Key Resistance at $176, ETF Approval Ignites Bull Market!
On the morning of June 12, Solana's price rebounded strongly to the range of $163.78-$166.13, surging 17% from the support point of $140, indicating strong market demand. The $176 resistance level (0.618 Fibonacci + 100-day moving average) is currently the biggest challenge, and a breakthrough will ignite a bull frenzy!
Technical indicators are gradually showing bullish signals: RSI has quickly rebounded to around 50, momentum is recovering, and although MACD has shown a brief bearish crossover, if it turns bullish with increased trading volume, it will confirm the upward trend. Trading volume has surged 44% year-on-year, and the market structure is robust with active capital entering.
On-chain data is equally strong, with the number of active wallets soaring by 38.5%, and the total locked value in DeFi reaching a nearly three-year high, with both institutional and retail confidence rising. The outlook for ETF approval is clear, with a 90% probability of approval in the third quarter, which could trigger a new wave of funds.
Highlights for the next 30 days:
• June 13-26: Strong testing of the $176 resistance; if broken with increased volume, the target is set at $190-$200;
• June 27-July 10: ETF approval might push prices above $250, with key stop-loss at $210-$220;
• July 11-12: High-level consolidation, preparing for a surge to $240-$300.
Risk Warning: A drop below $150 will negate the short-term bullish outlook, closely monitor MACD and RSI reversal signals.
Investment opportunities should not be missed! Neo Pepe ($NEOP) presale is open, current price $0.05423, next phase $0.061461, DAO governance and discount rewards help early participants profit.
Conclusion: The Solana ecosystem and technology are driving dual forces, with ETF approval approaching, and a strong rebound momentum is building up! Get in position to seize this explosive upward wealth opportunity!
