Can Solana Ride the Nasdaq Hype to Close Q2 Above $160? 📈
Solana experiences a 2% increase as the overall cryptocurrency market showcases resilience. This growth is partially fueled by a significant development: the hint of renewed institutional interest. Canadian asset manager Sol Strategies' filing with the SEC to list on Nasdaq has fueled investor optimism, aligning with strong liquidity signals around the $160 level.
Traders focus on Solana's open interest increase and bullish on-chain signals, indicating a potential rally. However, sustained momentum toward $160 depends on fresh demand and overcoming resistance at $153.59. Failure to attract fresh demand could result in a price pullback toward $134.68 as Q2 concludes.
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