$SOL at $191: ETF on hold, but $1B in institutional treasuries point to $300
📊 Key Analysis
Current price: $191.02 USD, with support at $185 and resistance at $195.
Accelerated institutionalization: Companies like Upexi and DeFi Development Corp. have accumulated 3.44 million SOL, generating $65,000 daily in staking and validation rewards.
ETF on hold: The SEC has postponed the decision on the Solana ETF until October 2025, creating short-term uncertainty.
Bullish projections: Analysts suggest that if the resistance of $222 is surpassed, SOL could reach between $244 and $250.
Comparison with Bitcoin: Unlike Bitcoin, which primarily acts as a store of value, Solana offers active yields through its staking infrastructure and validator participation.
🔮 Short-term outlook
Support: $185 USD.
Resistance: $195 USD.
Projection: If the resistance of $222 is surpassed, SOL could reach between $244 and $250.
Will you join the institutional rally of SOL or wait for the ETF decision in October?
