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Market Overview The current price of Solana (SOL) is stable near $184, relying on the solid support level of $182, showing strong resilience. In the past 24 hours, trading volume surged 42.11% to $8.01 billion, with a market capitalization of approximately $100.64 billion.  Despite a slight intraday decline of 1.03%, the price maintained low volatility in the range of $182-185, and the consolidation pattern continued to tighten, indicating that a significant rise may occur in the short term, with the target pointing to $240-250. Price Trend and Technical Analysis After Solana recently pulled back from a high of $253, it entered a horizontal channel between $182 and $200. $182 became a key bottom support and successfully resisted selling pressure many times. The price is currently consolidating near $184, with resistance near $200 and $240. The daily chart shows that the Bollinger Bands continue to narrow, indicating a decrease in volatility, a pattern that often indicates an imminent directional breakout in the cryptocurrency market. The trading volume soared to US$8.01 billion, an increase of 42% from the previous value, and the price did not fall accordingly, suggesting that institutional funds are actively attracting funds. The fully diluted valuation reached US$112.74 billion, and the trading volume/market capitalization ratio was 7.97%, reflecting the stable dynamics of market transactions, with buyers and sellers competing within a predictable range. Historical data shows that Solana usually rebounds by 30%-50% after a similar consolidation period, and the current pattern supports bullish expectations.  The significance of the $182 support level The $182 support level has been tested many times during the recent pullback, showing strong defensive capabilities. On-chain data shows that the Solana ecosystem has stable capital inflows, continued network growth, and the advantages of fast transaction speed and low fees, attracting more developers and users. The surge in trading volume and the divergence of sideways prices suggest that institutional investors may be preparing for a breakout. Analysts pointed out that if the $182 support level continues to hold, a break above $200 will confirm the bullish trend and push the price towards $240-250. BitGuru commented: “Solana holds on to support at $182. With rising trading volume, it is expected to easily retest the $240-250 area after a breakthrough. ”The narrowing of the Bollinger Bands on the daily chart further proves that the volatility expansion is coming. If the trading volume continues to exceed 8 billion US dollars, it will provide momentum for the rise. Key takeaways
 Summarize Solana stabilized at the support level of $182, and trading volume surged 42% to $8.01 billion. The consolidation pattern tightened, indicating that it may break through $200 in the short term and rush to $240-250. Strong on-chain activity, signs of institutional accumulation, and technical signals combine to support the bullish outlook. Investors should pay close attention to the breakthrough of the $200 resistance level and changes in trading volume to seize potential strategic entry opportunities. #Currency Circle#BTC#ETH#Cryptocurrency#Dogecoin#Altcoin#SOL 📌Click to follow and continue in the next issue  There are many opportunities in the currency circle now, so you need to seize them in time! In the near future, the community will recommend several skyrocketing coins, and I will take everyone to aim at the opportunities to get rich in copycats. There is no problem with the expected space being more than 10 times. Welcome to private message me to join our VX→→mmxy1368； QQ:→→3788353562  |
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