Solana (SOL) Treasury Growth and ETF Inflows Suggest Possible Rally Toward $240

Key Points

1. Solana's price faces resistance at $209 but maintains support above $185, which is crucial for a potential breakout toward $240.

2. Institutional interest in Solana is growing, evidenced by DeFi Development Corp's purchase of 141,383 SOL tokens and a $5 million reserve for future buys.

3. The REX-Osprey SOL staking ETF (SSK) highlights increasing institutional confidence in Solana.

4. Short-term profit-taking has caused a pullback below the 20-EMA on the 4-hour chart, but holding $185 support is key to sustaining the uptrend.

5. Positive market sentiment and institutional accumulation suggest potential for further price appreciation, though external factors like broader crypto volatility could influence SOL's trajectory.