🚀 $SOL – Consolidation Before the Next Move?
$SOL is trading around $162.60 (down ~1% intraday), fluctuating between $157.60 – $164.65. It’s consolidating above key support at $155–158, with resistance forming at $168–169.
🔍 Technical Insight:
✅ Broke out from long-term symmetrical triangle (~$156)
✅ Bullish EMA alignment on shorter timeframes
✅ MACD & RSI neutral, indicating potential rally continuation
📊 Fundamental Strength:
🔼 TVL up 54% since April
🔼 ~$125M weekly cross-chain inflows
🔼 Growing institutional interest + spot ETF optimism
🎯 Analyst Targets:
Short-term ➡️ $165–175
ETF-driven ➡️ $200–300
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⚠️ Key Levels to Watch:
🛡 Support: $155
⚔️ Resistance: $168–169
💭 Summary:
SOL holds strong above support with bullish technicals and ecosystem growth backing momentum. A confirmed breakout above $169 could open the path to $200+ if ETF catalysts align.
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