🟣 Solana is Heating Up: ETF Hype, Whale Moves, and a Bullish Setup Ahead?
Solana ($SOL ) is turning heads again.
After sliding from recent highs, SOL is now bouncing between $141–$160, with strong on-chain momentum and new ETF speculation breathing life into the bulls.
🔥 What’s Driving SOL Now?
🧠 Spot ETF Hopes: Market chatter says approval chances are above 90%. That’s pushing institutions to load up.
📈 Massive On-Chain Activity: Active addresses surged +38.5% in 24H. TVL is at a 2-year high (~$9.1B).
🐋 Whales Are Active: Over 3 million SOL were moved to exchanges. Price reaction was sharp — but recovery was equally quick.
📊 Technical Outlook
Chart shows a classic cup-and-handle pattern. Key breakout zone is $165–166.
Support: $145–148 range. If this breaks, we could dip to $130–135.
Resistance: First at $160, then $200+ if momentum builds.
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⚡️ My Take:
This is not just noise. Solana is one of the few L1 chains showing real traction in 2024 — in price, in usage, and in developer action.
If ETF talks stay hot and macro conditions cooperate, $300+ isn’t unrealistic in Q3.
💬 What’s your SOL game plan? Bullish or waiting for a better dip?
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