$SOL is dancing on a key level after a rough Q2 — down ~3.2% in the past 30 days, now hovering around $152. 📉 With consistent weekly closes below the 50-week MA and a looming Head & Shoulders pattern + bearish RSI divergence… things look shaky in the short term. 😬
But here’s the twist 👇
The $189 resistance is the line in the sand. A decisive breakout above it would invalidate the bearish setup and open the door to fresh all-time highs. 🟢
Meanwhile, the fundamentals are getting juicier:
📈 Institutional momentum is building
✅ Spot SOL ETF discussions heating up with the SEC
🏦 DeFi Development Corp just added 17,760 SOL to its treasury — now holding 640K+ SOL worth ~$98M!
Macro headwinds meet on-chain conviction. Long-term bulls still have skin in the game. Watch $152 (support) and $189 (resistance) for next big moves. 🔍