#sol突破强势上涨 $SOL Recently, SOL has shown a strong upward trend, with its price reaching $138.08 on December 8, representing a 24-hour increase of 4.71% and a market capitalization of $77.51 billion. This increase is driven by multiple factors such as institutional capital inflow, favorable technical patterns, and stable ecological development. Here are the detailed introductions:
1. Strong institutional capital inflow: The Solana ETF continues to attract a large amount of capital, with a net inflow of $45.77 million on December 2 alone, and a cumulative net inflow of over $650 million since October. The influx of institutional capital has not only provided ample liquidity for SOL but has also boosted market confidence in it, becoming an important driver of price increase.
2. Technical patterns release bullish signals: The daily chart of SOL has formed a classic double bottom bullish pattern, with solid support in the $130 - $138 range. At the same time, the average directional index shows strong trend momentum, and the MACD indicator also indicates that the upward momentum is accelerating. Analysts believe that if the closing price breaks through the neckline at $145 - $146, it is expected to rush towards the $165 - $169 range, indicating significant upward potential.
3. Continuous optimization of network ecology and performance: After Solana completed the Firedancer and Alpenglow upgrades, the transaction speed and stability have significantly improved, maintaining 16 months of uninterrupted operation. Its total locked value in DeFi has reached $10.2 billion, with over 17,000 active developers expanding the ecosystem. The robust technological infrastructure and prosperous ecology have laid a solid foundation for the price increase.
4. Market trading side dominated by bulls: Currently, bullish positions among traders are significantly dominant, with a total value of over $200 million in long positions, while short positions are only $87.74 million. Moreover, most traders believe that the SOL price is unlikely to fall below the support level of $137.5 in the short term, and the strong bullish bets have further pushed the price higher.
