Solana Shows Potential to Reach $164 Amid Institutional Support and Bullish Technical Signals
2025-07-10 21:53:17
Main Idea
Solana's price shows potential to reach $164 due to institutional support, bullish technical patterns, and key support at $147.
Key Points
1. Solana has surpassed the critical 0.786 Fibonacci retracement level at $153.54, with potential targets at $158.08 and $164.06.
2. The token is trading above its 50-day and 200-day exponential moving averages, reinforcing a bullish outlook.
3. Institutional adoption is growing, evidenced by Solana's inclusion in the Truth Social Crypto Blue Chip ETF and Bullish exchange migrating to Solana's blockchain.
4. Analysts suggest that sustaining the breakout above $164 could lead to higher price targets ranging from $186 to $200.
5. The $147 support level is crucial for maintaining bullish momentum and avoiding downside risks.
Description
Solana ($SOL) has surged past the $153 resistance level, signaling potential for further gains as bullish momentum strengthens. Institutional interest is rising, with ETFs and major firms integrating Solana’s blockchain,
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