Solana’s 14% rally hits resistance: is $96 the next stop for SOL?

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SOL pauses after a 14% weekly rally, but rising institutional interest, strengthening derivatives data, and growing on-chain activity continue to support the case for further upside. While the recent rally has temporarily stalled around the $81.63 resistance level, improving institutional participation, stronger derivatives positioning, and expanding on-chain activity suggest the broader bullish trend remains intact. As long as SOL continues to hold above key support levels, the cryptocurrency could be positioned for another attempt at higher prices. Spot Solana ETFs return to positive flows Institutional sentiment toward Solana appears to be improving. According to CoinGlass data, US-listed spot Solana exchange-traded funds (ETFs) attracted $5.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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