Solana Approaches $180 Resistance Amid Institutional Interest
- Solana’s price is nearing the $180 resistance level, driven by a cup-and-handle pattern.
- The price has increased by 52% over the past month and 20% in the last week.
- Solana reached a 24-hour high of $179.62 recently.
- Institutional investors, including SOL Strategies and DeFi Dev Corp, have acquired over 200,000 SOL each.
- Solana’s monthly transaction volume has exceeded 1.5 billion amid rising institutional interest.
Solana’s price is on the verge of breaking past the $180 mark as it gains momentum from a classic bullish pattern and increased institutional investments. The asset’s recent performance shows significant growth, with its transaction volume reflecting heightened market activity.
Source (2.6)https://coingape.com/solana-price-eyes-breakout-above-180-resistance-as-cup-and-handle-pattern-forms/?rand=24432