Solana (SOL) Eyeing New All-Time Highs ? Here Are the 2 Key Factors to Consider

Strong Spot Demand and Caution in Futures Markets

The demand for Solana in the spot market shows signs of steady accumulation, particularly with Galaxy Digital’s massive entry this week. At the same time, indicators from futures contracts reveal a more cautious attitude among leveraged traders.

This dynamic suggests that SOL’s progress is based more on demand from retail investors and institutions rather than excessive speculation. This creates a healthier context for a sustainable bullish trend.

Indeed, institutional investors have not stayed on the sidelines during Solana’s surge. Galaxy Digital purchased $1.19 billion worth of SOL this week, reinforcing the spot market’s momentum. Their sustained involvement reflects growing enthusiasm from institutional players, adding to retail investor demand.

Solid Momentum, but Consolidation Ahead

Currently priced at $243.25, Solana maintains its position near the top of its recent climb. Although the RSI indicates overbought territory, selling pressure emerged overnight, pushing SOL’s price to $239 in a significant demand zone on the 2H chart. Meanwhile, the OBV continues to progress steadily, proving that this rise is supported by strong buying interest.

The bullish candle sequence demonstrates intact momentum, even as it approaches $250. Overall, SOL’s short-term outlook remains strong, although a consolidation phase is possible.

Indeed, volume profile indicators show a critical support between $239 and $233. Losing this level would push SOL to $228 or even lower.

For now, SOL should maintain above $233. However, high volatility is expected until tomorrow’s interest rate announcement at 8 PM.

How to Buy and Trade Solana (SOL) on Zoomex

Solana (SOL) shows signs of massive institutional accumulation and intact bullish momentum, positioning this crypto for a potential explosion toward $250 and beyond – an ideal opportunity for savvy investors looking to capitalize on the rise of scalable blockchains.

Here’s a guide to buying SOL on Zoomex with a long trade to watch :

1. Sign up and verify your account : Visit the Zoomex website and create a free account. Complete KYC verification by providing ID and proof of address to unlock deposits and withdrawals.
2. Deposit funds : Log into your account, go to the “Deposit” section, and transfer USDT, BTC, or ETH from another wallet. Zoomex supports quick blockchain deposits; wait for confirmation (typically 5-30 minutes).
3. Access the futures section : Navigate to “Futures” or “Derivatives” in the main menu. Select the SOL/USDT perpetual pair to trade with leverage (up to 125x on Zoomex, but start low to minimize risks).
4. Set up your long position : Click on “Buy/Long” for a bullish position. Set the entry between $237 and $233 – for example, place a limit order at $235 to capture a pullback to support. Use moderate leverage (5-10x) to align with market caution.
5. Set Stop-Loss (SL) and Take-Profit : Set the SL at $224 to protect against support breaks (about 5-7% below entry). For take-profit, aim for $250 or higher, based on current resistance and OBV momentum.
6. Execute and monitor : Confirm the order and track the position via the dashboard. Use Zoomex’s chart tools (with TradingView integration) to track RSI, OBV, and volume. Adjust if volatility increases before the rate announcement.
7. Withdraw your profits : Once the trade is profitable, close the position and transfer profits to your spot wallet or fiat. Zoomex offers competitive fees (0.02-0.06% per trade) and enhanced security with insured funds.

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