🏹 Solana Bulls Locked In — Is $225 the Next Target?
SOL has surged over 5% in the past 24 hours, breaking above the key $200 psychological level and nearing a descending trendline resistance. If it can hold support along the trendline and clear the $210 barrier, a rally toward the $225 resistance zone may follow.
Momentum indicators reflect growing bullish strength: the RSI is nearing overbought territory, and the stochastic oscillator is already signaling overheated conditions—suggesting potential for a short-term pullback. However, the MACD crossing above its signal line points to continued upward movement.
According to DeFiLlama, Solana now ranks as the fourth-largest blockchain by stablecoin supply, hosting $11.17 billion in value, with USDC making up 75% of that.
Meanwhile, Dogwifhat (WIF) has launched its own Solana validator in collaboration with DeFi Development Corp (DFDV). The partnership will split rewards from staking, MEV, and validator incentives after operating costs. DFDV reports managing over 1.3 million SOL, worth approximately $250 million.
With bullish momentum building and institutional activity increasing, SOL may be eyeing a move toward $225.