Solana is currently trading around $193.44, with an intraday range between $185.68 – $193.44. A bullish engulfing pattern on the weekly chart signals rising momentum, with analysts eyeing a potential revisit of the previous all-time high near $294.
🔹 Institutional & Whale Moves
Whale activity remains strong. A major holder recently moved 39,875 SOL (~$8.19M) to Bybit, booking a 56% profit — a clear sign of confidence. Meanwhile, DeFi Development Corp. added 110,000 SOL (~$22M), raising its holdings to $273M, which will be staked for validator yields.
🔹 ETF Catalysts
Momentum is also building in the ETF space. The Solana staking ETF ($SSK) recorded its biggest trading day yet, with $13M in inflows and $60M in trading volume. Spot Solana ETF filings are progressing, and Bloomberg Intelligence suggests approval odds remain favorable this year.
🔹 Fundamentals & Technicals
On-chain metrics are strong: DeFi TVL climbed 30%, app revenue jumped 211%, and real-world asset tokenization hit nearly $391M.
Support Zone: $175 – $180 (still intact)
Resistance Levels: $184 reclaimed, eyes on $205.54
Targets on Breakout: $250 – $260
Analysts expect optimism around ETF approvals to push SOL toward $220+, provided support holds above the $175 level.
🔹 Broader Market Context
Solana continues to lead among Layer-1s, alongside projects like Hyperliquid and MAGACOIN FINANCE. However, some smart-money investors are rotating into Remittix, a rising project focused on borderless crypto–fiat payments ahead of its exchange listing.
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💡 Final Takeaway: Solana’s mix of bullish technical signals, strong whale activity, robust fundamentals, and ETF catalysts paints a clear upside case. A breakout above $205 could trigger a strong move toward $250+. Traders should watch support around $175–$180 while positioning for potential upside.
📊 Try trading $SOL now – both buy and sell setups are in play.
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