The Nasdaq application boosts Solana's momentum.
According to the 40-F form filed on June 18, the Canadian company Sol Strategies, specializing in the Solana ecosystem, has submitted documents to the U.S. Securities and Exchange Commission (SEC) to go public on Nasdaq.
Approval has not yet been received, but submitting the documents is an important step. It could provide institutional investors access to SOL through traditional markets. This event has sparked a wave of cautious optimism among SOL holders and led to an increase in its price.
Moreover, the document submission time coincides with optimistic on-chain signals. Thus, the liquidation map shows a dense liquidity cluster around the $160 level.
Will new demand trigger a breakthrough above $160?
Since the beginning of June, Solana has been trading in a narrow range. The price faces resistance at $153.59 and receives support at $142.59.
A potential leap to $160 will require a confident breakthrough above this resistance. This will only be possible if new demand emerges in the market. If buyers do not activate, the current momentum may weaken.
With signs of fatigue among buyers, SOL risks losing its recent gains and retesting support at $142.59.
A break below this level could lead to a deeper correction down to $134.68 by the end of the second quarter.
