$SOL Solana is forming a textbook cup and handle chart setup around the $150 zone. Price action shows strong support between $147โ150, and if momentum builds, a breakout towards the $155โ160 range could be imminent. ๐๐ฅ
๐ What's Driving the Buzz?
Rumors of a REX Solana Staking ETF gaining traction ๐ฅ
Price back above the 50-day EMA and breaking past key trendlines โ
Positive signals across on-chain activity and metrics ๐
๐ฏ Potential Price Targets:
Short-Term: $160โ168
Mid-Term: $177โ181
Long-Term: $200+ possible by mid-2025 ๐
โ ๏ธ Risks to Watch:
Strong resistance near $160
Potential large-holder (whale) sell-offs ๐
Market cap drop โ currently ranking #6 overall
๐ Sentiment Check:
Over 82% of the community remains bullish, with many investors eyeing the $147โ150 range for ideal re-entry points. Volume remains the key indicator โ if it spikes, expect fireworks. ๐