Solana Shows Potential Uptrend With Institutional Accumulation and Fibonacci Targets Around $206 to $265
2025-07-13 03:31:46
Main Idea
Solana (SOL) is showing a bullish trend with potential Fibonacci targets at $206.58, $234.12, and $265.25, supported by institutional accumulation and high trading volumes.
Key Points
1. Solana has broken out of a critical Fibonacci demand zone, signaling a bullish reversal and upward momentum.
2. Key Fibonacci extension targets are identified at $206.58, $234.12, and $265.25, which may act as resistance levels.
3. Institutional interest in Solana is growing, exemplified by Upexi Inc.'s acquisition of 1.6 million SOL tokens worth approximately $273 million.
4. Solana's daily trading volume has exceeded $8 billion, indicating heightened market activity and liquidity.
5. Analysts suggest Solana is poised for further gains, with the breakout from a descending channel supporting a strong uptrend.
Description
Solana has decisively broken out of its descending channel, setting ambitious Fibonacci price targets at $206.58, $234.12, and $265.25 amid significant institutional accumulation totaling $273 million. Upexi’s planned acquisition of
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