$SOL ๐—•๐—ฟ๐—ฒ๐—ฎ๐—ธ๐˜€ $๐Ÿฎ๐Ÿฌ๐Ÿต - ๐—–๐—ฎ๐—ป ๐—˜๐—ง๐—™ ๐—ข๐—ฝ๐˜๐—ถ๐—บ๐—ถ๐˜€๐—บ ๐—ฃ๐˜‚๐˜€๐—ต ๐—œ๐˜ ๐˜๐—ผ $๐Ÿฎ๐Ÿฏ๐Ÿฏ?โ‰๏ธโ‰๏ธ



$SOL extended its rally, trading at $209.91, with market cap reaching $113.5B and daily volume up 35.9% to $9.08B.

Momentum is fueled by expectations of a U.S. spot Solana ETF, with VanEck and Franklin Templeton updating filings to include staking.

Analysts now see a 95% approval chance by Oct 2025, potentially triggering institutional inflows.

On-chain, validators approved the Alpenglow upgrade with 99% support, cutting transaction finality from 12.8s to 150ms - comparable to Google search speed. This positions Solana as a high-performance blockchain.

DeFi liquidity is also rising, with TVL hitting $11.66B a 2-year high driven by lending, liquid staking, and DEX activity. The trend suggests fundamentals are strengthening alongside price action.

Technically, SOL broke above its 7-day SMA ($204.69) and 30-day EMA ($192.23). Resistance sits at $217.8, with upside targets at $233.1 and $236. Long-term, ETF approval could fuel a move toward the ATH of $294.3, mirroring Bitcoin's $142B ETF-driven demand. Key supports remain at $195, $176.6, and $146.5.

ETF optimism, on-chain upgrades, and DeFi growth align to keep Solana in focus for traders, investors, and institutions.

#rayhanbros Write2Earn
SOL-1,34%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Bahasa Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)