$SOL is consolidating near $140-$145 resistance, failing multiple times to break above $150 recently. ๏ฟฝ
Seeking Alpha +1
Traders note a sideways trading range as momentum cools after Decemberโs rebound. ๏ฟฝ
Seeking Alpha
However, renewed strength this week shows SOL reclaiming momentum above recent support levels. ๏ฟฝ
FXStreet
๐ Bullish signals
Technical setups (e.g., cup-and-handle in some analyses) hint at potential upside if SOL breaks $145-$150 decisively โ targets like $180-$190 are cited by some analysts. ๏ฟฝ
Cointelegraph
Active addresses and network activity have risen, which historically supports upward price trends. ๏ฟฝ
crypto.news
โ ๏ธ Consolidation risk
Price action is still range-bound, and network growth metrics (new wallets & on-chain activity) are mixed/weak in some data, suggesting consolidation may persist before a breakout. ๏ฟฝ
Coin Edition
๐ Fundamentals & Ecosystem Catalysts
Institutional interest & infrastructure
Coinbase running a major SOL validator could spark further corporate adoption. ๏ฟฝ
Cryptonews
Solana ETFs are drawing consistent inflows, and regulatory clarity could unlock even more institutional capital. ๏ฟฝ
CoinMarketCap
Network strength
Solana ranks highly in network revenue among Layer-1s and is profitable due to low fees and high throughput. ๏ฟฝ
Analytics Insight
Real-World Asset tokenization and stablecoin activity continue to grow on the chain. ๏ฟฝ
Crypto.com
Technical upgrades
Protocol upgrades (like Alpenglow for ultra-fast finality and continued scalability improvements) may attract institutional use cases and impact price positively. ๏ฟฝ
CoinMarketCap
๐ Market Sentiment & Risks
Bullish Signals
Breakout from consolidation could lead to strong upside if broader crypto markets stabilize. ๏ฟฝ
Cointelegraph
Growing active addresses and ETF interest add to demand fundamentals. ๏ฟฝ
crypto.news +1
Bearish / Cautionary
Resistance around $145-$150 remains firm, acting as a choke point. ๏ฟฝ
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