📊 Technical Analysis
● SOLUSD is bouncing from the rising trendline support at 177 after a retracement, maintaining structure within a bullish ascending wedge.
● Price holds above the prior resistance-turned-support near 176.9, with a clear path to retest the 205.8 and 219–222 confluence zone.
💡 Fundamental Analysis
● Solana's 30-day DApp volume ranks top 3 among L1s, signaling increased utility. Institutional SOL inflows also continued for a fifth week, per CoinShares.
● Strong user metrics and positive funding rates suggest bullish momentum remains supported on-chain and through derivatives markets.
✨ Summary
Buy dips above 177. Targets at 205 ▶ 220. Long setup holds while price stays above 175.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
● SOLUSD is bouncing from the rising trendline support at 177 after a retracement, maintaining structure within a bullish ascending wedge.
● Price holds above the prior resistance-turned-support near 176.9, with a clear path to retest the 205.8 and 219–222 confluence zone.
💡 Fundamental Analysis
● Solana's 30-day DApp volume ranks top 3 among L1s, signaling increased utility. Institutional SOL inflows also continued for a fifth week, per CoinShares.
● Strong user metrics and positive funding rates suggest bullish momentum remains supported on-chain and through derivatives markets.
✨ Summary
Buy dips above 177. Targets at 205 ▶ 220. Long setup holds while price stays above 175.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
90% accuracy in telegram
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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.