📊 Technical Analysis
● SOL broke above the long-term descending resistance near $130 and held it on a retest, confirming a bullish reversal.
● A consolidative range between $145 support and $154 supply has formed; a decisive break above $154 targets the rising-channel top near $160.
💡 Fundamental Analysis
● SOL staking volume recently surpassed Ethereum’s, underlining robust on-chain yield demand.
● DeFi Development Corp filed to offer $1 billion in securities to boost SOL holdings, signaling institutional accumulation.
✨ Summary
Resistance-turned-support at $145, strong staking growth, and corporate demand support a short-term long bias: targets $154 → $160; invalidation below $140.
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● SOL broke above the long-term descending resistance near $130 and held it on a retest, confirming a bullish reversal.
● A consolidative range between $145 support and $154 supply has formed; a decisive break above $154 targets the rising-channel top near $160.
💡 Fundamental Analysis
● SOL staking volume recently surpassed Ethereum’s, underlining robust on-chain yield demand.
● DeFi Development Corp filed to offer $1 billion in securities to boost SOL holdings, signaling institutional accumulation.
✨ Summary
Resistance-turned-support at $145, strong staking growth, and corporate demand support a short-term long bias: targets $154 → $160; invalidation below $140.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Closed +12%
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.