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 ($192.48) 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 ($3,945.18), 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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