Overview
- Solana has defended an 18‑month support zone, with charts showing a breakout from a descending channel and improving volume, though a confirmed higher high is still absent.
- Market pricing shows strong expectations for a near‑term 25 bps Federal Reserve cut, with probabilities cited at 87.4% on CME and 94% on Polymarket.
- Analyst Ali Martinez highlights $124 as the level to hold, warning that a breakdown could open targets near $115 or $106.
- Analysts identify the 200‑day moving average band as the next key resistance, saying a decisive break with strong volume would validate further upside.
- Ecosystem growth and institutional inflows provide a supportive backdrop, with reported market cap near $78 billion and daily trading volume above $4.7 billion.