Technical analysis by InnerCircleAnalysis about Symbol SOL: Buy recommendation (5/5/2025)

👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together .Ready for smarter trades ? ⭐️⚡️Today , we're going to analyze the SOL( Solana ) coin together on the daily timeframe and find triggers for our positions .💠 🔍Daily Technical OverviewSolana (SOL) recently broke out of its descending trendline on the daily chart, leading to an impressive 30% price surge. This breakout marked a key shift in market sentiment and highlighted a fresh wave of buyer interest.Currently, SOL is moving through a distribution phase, where price consolidates and profit-taking occurs. All eyes are on the $152.55 resistance level – a breakout above this zone, backed by solid volume, would present a strong long entry opportunity.📊 🧠 Fundamental InsightsSolana isn’t just showing strength technically – the fundamentals are also aligning for a bullish outlook:✅ After a 65% correction, buyers are returning to accumulate at discounted levels.✅ Ecosystem growth continues, with strong developer activity and use case expansion.✅ Trading volume is on the rise, supporting the price recovery.📰 🔥 This Week’s Positive Solana NewsHere are the major developments from the past week that are giving Solana a strong boost:📈 Price Forecast: Analysts now project that SOL could reach $155–$160 by the end of May, with potential upside toward $180 in the near term.🏦 Institutional Investment: Upexi Inc. has announced plans to allocate $100 million toward purchasing Solana tokens — a major show of confidence.📊 ETF Filing: Franklin Templeton has filed for a Solana-based ETF to track SOL’s price, which could open the door for more mainstream investment.🇺🇸 US Government Involvement: Reports suggest the U.S. government is considering Solana as part of its strategic digital asset reserve, highlighting its growing legitimacy.📝 Conclusion🚀 Trendline breakout = bullish confirmation📌 Consolidation = distribution zone📊 Break above $152.55 = long setup📉 Previous 65% correction = attractive accumulation zone📰 Positive news flow = fundamental support for continued growthI love you all so much . 👀don't forget about capital management and risk management .Be careful with your positions . 🥇