Solana ($SOL) Market Update ๐Ÿš€

๐Ÿ”น Price Action

$SOL SOL is trading around $193.44 today, with an intraday high of $193.44 and a low of $185.68. A bullish engulfing candle has formed on the weekly chart, signaling strong upward momentum. Analysts suggest this could pave the way to retest the previous ATH near $294.

๐Ÿ”น Institutional & Whale Moves

A whale moved 39,875 SOL (~$8.19M) to Bybit, locking in 56% profit.

DeFi Development Corp. (DFDV) boosted its stake by $22M, bringing total holdings to $273M, now staked for validator yields.

๐Ÿ”น ETF & Regulatory Buzz

The Solana Staking ETF ($SSK) had its biggest day yet โ€” $13M inflows, $60M volume.

Spot Solana ETF filings are in motion, with Bloomberg seeing high odds of approval this year.

๐Ÿ”น Fundamentals

DeFi TVL up 30% ๐Ÿ“ˆ

App revenues up 211% ๐Ÿ’ฐ

RWA tokenization hits $391M ๐ŸŒ

Key demand zone: $175โ€“$180. Breakout above $205.54 could target $250โ€“$260.

๐Ÿ”น Big Picture

Solana remains one of the strongest Layer-1 plays, even as capital rotation shifts toward Remittix and other new real-world adoption projects.

๐Ÿ‘‰ Outlook: Momentum is bullish. Watch $205 resistance for the next breakout move.

๐Ÿ’ก Trade Smart: Buy dips near $180, watch resistance zones carefully.

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