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Mr.Arshman

06/17 16:01

Solana jumps 20% before stalling at key resistance

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Solana has rallied more than 20% from its June low before retreating from a major resistance zone, as easing geopolitical tensions and rising activity in tokenized equities boosted risk appetite while traders turned cautious ahead of the Federal Reserve’s latest policy decision. According to data from crypto.news, Solana ($SOL) climbed from a local low of $62.44 to a high of $75.60 before pulling back to around $72.50 at press time. $SOL’s rebound followed a relief rally across crypto markets after the U.S. administration announced a peace agreement with Iran and reopened the Strait of Hormuz, a development that helped push oil prices lower and encouraged investors to rotate back into risk assets. At the same time, capital continued to flow into Solana’s growing real-world asset ecosystem. Tokenized stock activity accelerated after the launch of on-chain SpaceX equity products, helping Solana-native tokenized assets surpass key volume milestones and drawing fresh attention to the network as a settlement layer for traditional financial products. Corporate treasury demand has also remained a tailwind. Recent disclosures showed several public companies adding to their $SOL holdings, while takeover discussions among Solana-focused treasury firms kept attention on the asset’s long-term balance-sheet appeal. With roughly two-thirds of Solana’s circulating supply staked, large spot purchases continue to have an outsized effect on available liquidity. The daily chart shows $SOL recovering sharply from the June selloff but running directly into resistance near $75.20, which coincides with the Supertrend indicator. A decisive close above that level would represent the first meaningful break above trend resistance since May.Momentum indicators remain mixed. Daily RSI has recovered to around 47 after reaching oversold territory near the
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