☀️ SOL Breaks $86 (+2.5%): Solana Season Incoming?
The Ethereum killer is quietly grinding higher! Solana just broke $86 with a solid +2.5% daily gain and volume at $14.5B. After cooling off from its January highs, SOL looks like it's ready for another leg up. The Solana ecosystem is still the hottest place for memes and DeFi!
📊 The Setup
Entry: $85.00 - $87.00 (current range)
Target 1: $95.00 (short-term resistance)
Target 2: $105.00 (prior high area)
Stop Loss: $80.00 (below key support)
🧠 Why SOL Could Run
- Clean +2.5% move with $14.5B volume - institutional flow
- 24h high of $86.84 shows buyers are active
- Low of $70.61 held firm during dips - accumulation
- Market cap at $49B with $53.7B FDV
- 566M SOL circulating with 620M total supply
- 70% below ATH of $293 - but that was peak euphoria
- Fastest blockchain with lowest fees - real usage
⚠️ The Competition
SOL faces real competition from ETH L2s and newer chains. The network has had outages before. If you're long SOL, keep an eye on ecosystem development and competitor growth. $80 is your line in the sand - lose that and we retest $75.
📈 Ecosystem Health
Solana's DeFi TVL is growing again and meme coin trading volume is picking up. Pump.fun clones are everywhere. When retail FOMOs into memes, SOL benefits directly since most trading happens on Solana. This is the chain of choice for degens!
Not financial advice. DYOR. Trade responsibly!
Solana faithful - are we getting $100 SOL this month? Drop your targets! 👇
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