$SOL Solana's recent bounce from its $130 weekly support suggests a possible price recovery towards $250. Increased open interest and demand indicate buyers are returning to the market, with institutional interest rising due to $390 million in ETF inflows. The weekly chart hints that SOL may have found a bottom at $130, setting the stage for a potential rise to $250. Following a 25% drop from $173, bulls have driven a V-shaped recovery, with the relative strength index (RSI) climbing from 28 to 50, indicating growing momentum. If the price completes the V-shaped pattern, it could reach the $170 supply zone, a 22% increase from current levels. Historical data shows strong support at $130, with previous rebounds leading to significant rallies. Additionally, Solana ETFs have seen consistent inflows, reflecting institutional demand. Recent metrics show an increase in daily active addresses and transactions, suggesting long-term strength for SOL. This article is for informational purposes and not investment advice.
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