Solana: Can SOL target $110 as KEY metrics signal buying pressure?
Solana has launched a new enterprise-focused platform, with major payment companies like Mastercard, Worldpay, and Western Union building on its network for payments and stablecoin settlements. This development is bringing Solana closer to real-world payment infrastructure and is influencing its market performance.
Following the announcement, SOL whales became active, placing large buy orders, indicating strong confidence in both the price and Solana’s expanding utility. Market data shows sustained buying pressure, with both spot and futures Cumulative Volume Delta (CVD) confirming buyer dominance, reducing the likelihood of a false breakout.
SOL recently broke out of a wedge consolidation pattern, with momentum building toward the $110 imbalance zone. The combination of institutional adoption, whale accumulation, and strong market metrics supports a bullish outlook, suggesting SOL could target $110 in the near term.
ambcrypto03/25 23:02