Solana is trading around $247.59, climbing after earlier dips, with markets showing renewed optimism. The token is benefiting from macro tailwinds, rising institutional interest, and ETF speculation.
If SOL holds bullish momentum and breaks resistance zones, it may set the stage for further gains.
Solana Next Target
- Price: $247.59
- Market Cap: (based on circulating supply)
- 24-Hour Trading Volume: elevated, reflecting renewed activity
- Circulating Supply: ~542 million SOL (estimate)
- Total / Max Supply: inflationary but with controlled issuance
Bullish breakout from Ascending Triangle pattern signaled resumption of Uptrend with +30-50% potential upside to $275-$300. That $300 is the 52-week high from Dec 2024. Price is pulling back, which could offer another attractive entry near $200-$210 support zone. Stop Loss at $173. Solana is a Layer 1 (L1) protocol with 40% share of fees generated, about the same as ETH, yet the SOL market cap is still only 1/5 that of ETH. There’s been several Solana-focused Treasury companies buying SOL.
Most recently, Forward Industries seeks to raise additional $4B for its Solana-Focused Treasury. That’s on top of the $1.6B they just spent to acquire 6.8M SOL.
Currently, 15.8M SOL tokens have been acquired by SOL-focused Treasury companies. That’s 3% of supply.
Key Indicators & Market Signals
- SOL rallied about 3.4% for the day, outperforming many altcoins after a broader market rebound.
- Resistance near $250–$255 is the next barrier; a clean breakout could push it toward $280+.
- Support sits in the $230–$240 zone; holding this range is essential to maintain the uptrend.
- Technical indicators show positive momentum; price is pushing higher within its medium-term channel.
Latest News Highlights
- Solana saw strong daily gains as part of a broader crypto rally, with significant upside across major tokens.
- Increased regulatory clarity and ongoing ETF filings are adding fuel to SOL’s bullish case.
- Institutional flows and renewed speculative interest are lifting altcoins, with SOL among the front runners.
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