**Price is reacting positively above $143**, with the latest candle closing at **144.056 USDT**, showing strong buying pressure after breaking through key resistance. The recent spike from $137 up to $144 aligns with fresh market catalysts — notably, **21Shares launching a Solana spot ETF** with $100 million in initial assets. This institutional entry signals growing confidence and could drive sustained inflows.
Several factors support continued upside: - **Compliance momentum**: Regulatory approval discussions are gaining traction, reducing perceived risk for institutional investors. - **Ecosystem strength**: Real-world usage remains robust, especially in blockchain gaming, where Solana’s high throughput is attracting active projects and users. - **Volume surge**: Trading volume spiked above **$66 million** during the breakout hour (10:00 AM), confirming strong participation.
With price now consolidating near the **entry zone's upper boundary (143.37–136.64)** and holding above it, the path of least resistance is upward. Targets between **146.52 and 162.29** appear achievable if momentum holds and no negative macro shocks occur. The stop-loss at **133.63** sits just below recent swing lows, offering reasonable protection against false breakouts.