A rare technical setup in Solana (CRYPTO: SOL) is drawing attention from traders and analysts, with market conditions aligning in ways that could strengthen the case for a new wave of treasury adoption.
What Happened: The pattern, which in past instances preceded steep declines, this time failed to trigger downside follow-through, holding key uptrend support and sparking speculation over whether Solana could be next in line for institutional treasury allocations, according to a new 10x Research report.
The development comes as macro conditions turn decisively dovish.
Softer U.S. inflation data has driven expectations for nearly three Federal Reserve rate cuts, easing pressure on risk assets.
Bitcoin (CRYPTO: BTC) has broken above …