$SOL Price Analysis Solana ($SOL ) has shown strong upward momentum, which is in line with the Fed's upcoming rate cuts. In the price range of $121 to $126, bulls have firmly maintained support, building a clear market bottom structure. If the current positive bullish trend can continue to ferment, SOL is expected to reach and exceed its historical highs in the medium and long term, opening a new price chapter. In particular, once SOL successfully breaks through the key resistance level of $140, this may trigger a more aggressive upward trend, with the goal of reaching a new high of $190.
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Why Sui is expected to become the next SOL 1. Excellent theoretical performance: Sui surpasses SOL in theoretical performance, and in practical applications, its performance is also the closest to SOL, making it a leader among emerging public chains. 2. Endorsement by top investment institutions: Sui has won the favor and support of the world's top investment institutions including Binance Labs, A16z, Coinbase, Jump, Circle, etc. The investment of these institutions has laid a solid foundation for Sui's future development. 3. Leading TVL ranking: Sui's total locked value (TVL) has reached 800 million US dollars, which ranks among the top non-Ethereum Virtual Machine (EVM) chains, second only to Polygon, showing its strong appeal and market potential. 4. High media attention: Recently, Sui has frequently appeared in major media, attracting widespread attention and discussion. At the same time, its price trend has also shown a strong trend, further enhancing market confidence and expectations. 5. User experience optimization: Sui has greatly simplified the user's usage process and lowered the entry threshold by introducing zklogin to support Google login. In addition, it also has the ability to expand with social platforms such as Telegram, which helps to attract more users outside the circle to join. 6. Active community ecology: With the rise of meme culture, Sui has also ushered in the eve of the outbreak of the meme season. Many meme teams that were originally active on SOL have switched to Sui, injecting new vitality and creativity into Sui's community ecology.
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SOL shows strong bullish signals! MACD indicator shows bullish trend, RSI also shows strong strength, SOL has successfully broken through the key resistance, indicating that it is about to climb further and is expected to quickly reach the target price of $160. But remember that the final decision should be based on your personal in-depth research