๐ Solanaโs Big Test Ahead
$SOL is stuck in a heavy sell zone between $170โ$203, keeping the market choppy since March. But the tide might be turning. With BTC dominance dropping from 66% โ 61%, altcoin sentiment is heating up ๐ฅ. The Altcoin Season Index is flashing green, hinting we could be on the edge of an altseason.
On-chain tells a bullish story:
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Positive funding rate for a month straight โ a macro bullish sign.
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Futures OI hit an all-time high above $10B โ traders are betting big.
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Institutions are stepping in โ one Solana treasury secured a $500M credit line to stack SOL.
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Whales keep accumulating. ๐
Technicals? Weekly chart shows a make-or-break zone: hold above $170 and we could see a run to $200+, maybe $254 midterm. But watch out โ thereโs also a macro head & shoulders and RSI divergence.
Bottom line: If $SOL breaks above $203, we might just witness fireworks. ๐ Until thenโฆ accumulation and patience might pay off.