š Solana Rockets to Highest Since May ā Hereās Whatās Fueling It! š
Solana (SOL) has just soared to around $167, marking its highest point since late May. This rally is more than just hypeāitās backed by real network activity, institutional interest, and growing ETF momentum. Here's the inside scoop š
Why Solana is Flying
ETFs & Institutional Bets: Assets in Solana-focused ETFs are climbing fast, and major firms are building SOL treasuriesālike Upexi boosting their holdings by 8% in June š
OnāChain Surge: Daily network activity is boomingāover 17M active addresses, up 400%, with transaction counts higher than Ethereum, BNB, and SUI combined
Technical Breakout: SOL has broken above key levelsācrossing 50 & 200-day EMAs and forming a bullish inverse head-and-shoulders and rounding bottom pattern. Targets: $180ā$190, then $200ā$216
Whatās Next?
Entry Zone: Watch for pullbacks to $160ā$165
Take Profits: Scale out at $180, then at $200+
Stop Loss: Keep a protective stop below $155
Sentiment: Overwhelmingly bullishāETFs, on-chain activity, and chart structure all align š
Action Plan
Buy near dip zone ($160ā165).
Ride momentum toward $180ā200.
Trail your stop as SOL progressesāprotect profits.
This rally isn't randomāitās driven by deep fundamentals and growing capital flows. And with Binance backing SOLās rising momentum, nowās the time to position smartly.
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