SOL breaking out +14% 7d | $107.24
Technical: Price reclaimed 4h EMA9/21 bull cross at $103, RSI 62 — room to run before overbought. Volume above avg (711k SOL/4h) confirms conviction. Key resistance $110.60 (recent high), then $116-$118 zone. Support at $103 (EMA cluster) and $100 psych level.
Fundamental: Firedancer validator client live on mainnet → throughput upgrade path. Jito/Solana MEV share growing. SOL staking yield ~7% real yield attracts capital. ETF filings (VanEck, 21Shares) keep institutional bid alive.
Catalyst watch: Break above $110.60 opens path to $120. Risk: BTC correlation — if BTC pulls back from $80k, SOL tests $100 first.
$SOL #Solana #Crypto #DeFi #Firedancer
What is your target — $110 or $120 first?
Technical: Price reclaimed 4h EMA9/21 bull cross at $103, RSI 62 — room to run before overbought. Volume above avg (711k SOL/4h) confirms conviction. Key resistance $110.60 (recent high), then $116-$118 zone. Support at $103 (EMA cluster) and $100 psych level.
Fundamental: Firedancer validator client live on mainnet → throughput upgrade path. Jito/Solana MEV share growing. SOL staking yield ~7% real yield attracts capital. ETF filings (VanEck, 21Shares) keep institutional bid alive.
Catalyst watch: Break above $110.60 opens path to $120. Risk: BTC correlation — if BTC pulls back from $80k, SOL tests $100 first.
$SOL #Solana #Crypto #DeFi #Firedancer
What is your target — $110 or $120 first?
