🚀 Solana($SOL ) Shows Strong Momentum — DeFi TVL Adds $860M, ETF Optimism High
1. Price Surge:
SOL has climbed approximately 17% over the past five days, fueled by a broader market rally .
2. TVL Boost:
Solana's DeFi ecosystem added $860 million in Total Value Locked (TVL) just since June 6—bringing fresh capital and confidence .
3. ETF Buzz:
Odds for a Solana spot ETF have peaked at around 85–90%, as the SEC eyes S‑1 updates within 3–5 weeks, drawing institutional interest .
4. Technical Setup:
Strong bullish signals: RSI and MACD indicators are turning positive.
Key resistance at $183–$187—a breakout could target **$200+** .
5. **Futures Market Strength:**
SOL’s futures open interest remains elevated, underscoring ongoing trader conviction and inflows .
🔍 Key Takeaways
Demand drivers: A mix of fresh DeFi capital and rising institutional appetite amid ETF expectations.
Technical outlook: Momentum is building—breakouts above $183–$187 could catalyze further advances.
Risks: The SEC timeline, macro events, and potential resistance at key levels create watch points.
