Solana Don Pass $190, E Dey Boost Rally Wit Institutional Inflows
Solana (SOL) don jump pass di $190 resistance level, e trigger more than $11 million short liquidations and e show say di sell wall thin as na only 1.59% of SOL supply dem buy pass $189. Di reduced resistance zone don clear road for more gains. Institutional investors put $39.1 million inside Solana products last week, e push trading volume reach $8.18 billion and e boost market confidence. On-chain metrics — like active addresses, network fees and developer commits — dem also climb, e make di bullish momentum strong. Analysts dey see $185 as near-term support, with bulls dey target $200 if SOL fit hold above $190. If SOL breakout hold, e fit attract more money to altcoins among wider risk-on crypto rally.
Bullish
Di break wey waka pass de $190 resistance mark and de slim supply area wey dey above $189 dey reduce upward pressure, e dey support short-term bullish momentum. Together wit $11 million short liquidations and $39.1 million institutional inflows, dis news dey show say demand strong and selling barriers dey reduce, e fit make SOL prices go higher soon. For long-term, rising on-chain metrics and market confidence fit keep the rally going, e fit attract more capital to Solana, but traders suppose watch support levels for $185 and $160 for any corrections wey fit happen.