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#Crypto Market Structure Principles Bill#
Solana is quickly recovering after the announcement of a ceasefire between Israel and Iran. This rally has once again attracted the attention of major investors, known as "smart money."
If the current momentum continues, the price of Solana could rise above $150 by the end of the second quarter.
The geopolitical easing that began on Monday after the announcement of a ceasefire has rekindled interest in risky assets. This has attracted "smart money" back to the SOL market. The daily chart shows a 1% increase in the smart money index (SMI) since the announcement on Monday.
The SMI measures the activity of institutional investors by tracking price movements at specific moments during the trading day. It shows how "smart money" trades at the end of the day, following the morning volatility caused by retail investors. A gradual increase in the SMI indicates growing confidence among key investors as the price rises. This trend suggests that institutional players are preparing for further growth.
The ratio of long to short positions for Solana also supports an optimistic outlook. According to Coinglass, it stands at 1.013, indicating growing confidence among SOL futures traders. A ratio above 1 means that there are more long positions than short ones, and traders are mostly betting on price increases.
With the growing interest of key holders and improving market dynamics, SOL is poised for continued growth in July. If the altcoin breaks through the resistance at $148.81, it could reach $150. However, if demand weakens and a distribution phase begins, the price may fall to $142.59. With increased bearish pressure, the token risks dropping to $134.68.
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