Solana is showing strong technical and fundamental signals with a golden cross formation on the SOL/BTC chart, indicating potential bullish momentum. Significant institutional accumulation has occurred, with 18.56M SOL worth $4B purchased around $180, creating substantial support levels. DeFi Development Corp expanded its treasury with a $77M SOL purchase, bringing total holdings to 1.83M SOL valued at $371M. While retail sentiment has turned overwhelmingly positive with a 5.8:1 bullish ratio, analysts remain cautious about whether SOL can break through the descending resistance line at 0.0020 BTC. The token currently trades at $206, down 3% daily but up 12% weekly, with technical analysis suggesting a potential target of $300 if momentum continues.
about Solana Golden Cross Signals Bullish Reversal as SOL Nears Key Resistance