$SOL

▫️Current Price: ~$95.20 USDT

▫️Market Sentiment: Slightly Bullish (might be last buying call for $SOL at price below $100)

▫️Solana is currently testing major psychological resistance after a strong 15% weekly rally. The asset has successfully broken out of a year-long descending channel and reclaimed its 100-day EMA ($93.87), signaling a significant shift in medium-term trend dynamics. 

Key Drivers

▫️Institutional Inflow: Spot SOL ETFs recorded $39.2M in net inflows last week, the highest since January. 

▫️Fundamental Boost: Major enterprise adoption news from JPMorgan and Google Cloud (Pay.sh) is providing solid fundamental backing to technical gains.

▫️On-Chain Strength: Resilience in DEX volumes and a $200M equity program from Defidevcorp are bolstering buyer confidence. 

Technical Outlook

▫️The Rise: A clean breakout above $98.50 opens the door to $100.00. Sustained volume above this level targets the $108–$110 zone (200-day EMA).

▫️The Fall: RSI is nearing overbought territory (67.27). Failure to breach $100 could trigger a healthy retracement to support at $92.11 or the 50-day EMA near $87.50.

▫️P.s The structure is constructive. Look for a daily close above $100 to confirm the next leg up; otherwise, expect short-term consolidation between $92 and $97.

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