Solana (SOL) is aiming to break the resistance level at $250, and its decentralized finance ecosystem has support from both institutional and retail investors. The top 10 holders collectively own 6.58% of the total supply, indicating a moderate concentration of holdings. Solana's price has entered a consolidation phase, and technical indicators suggest the continuation of bullish momentum. The potential approval of a Solana exchange-traded fund (ETF) and positive price forecasts from major institutions are factors likely to influence Solana's valuation.



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