Solana News Today: Institutional Interest Drives Solana Back to $130, Sets Sights on $250 Breakout
- Solana (SOL) tests $130 support with RSI rising to 50 and historical 100%+ rebound patterns suggesting potential recovery. - Institutional demand accelerates via $8.26M ETF inflows and GeeFi's $250K token presale success, boosting market confidence. - On-chain metrics show 18% YoY address growth and 9.1% 30-day transaction increases, reinforcing network fundamentals. - $170 breakout could target $250, but volatility risks persist as seen in BlackRock's $532M ETF loss amid crypto declines.
Solana (SOL) is currently holding at a crucial support level near $130, with both technical signals and institutional interest pointing to a possible upward move. After dropping 25% from $173 to $128, the price has staged a V-shaped recovery since November 11. The Relative Strength Index (RSI) has
Interest from large investors in
Solana’s on-chain data continues to support a bullish outlook.
Market dynamics point to further upside for
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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