Solana (SOL): Consolidation and Solid Fundamentals
Solana ($SOL) is in a crucial phase of consolidation around $130. From a technical perspective, the key resistance to watch is $145; a breakout above this level could confirm a new bullish trend. The immediate support that must be maintained is in the $124-$125 range.
Despite the recent volatility, the fundamentals of the ecosystem remain exceptionally strong. Solana continues to attract institutional capital through spot ETFs and dominates trading volume on DEX. Additionally, the high developer activity and the community proposal for a more aggressive token burn model (SIMD-0411) suggest that the network is building a solid foundation for long-term growth.
Notice: This content is for informational purposes only and should not be considered financial advice. The cryptocurrency market is volatile.
