Solana (SOL) Update: Rounding the Base for a Breakout!Solana is currently navigating a highly crucial consolidation zone, trading around $85 – $87 as it actively builds out a massive macro rounded-bottom structure. While the "meme coin hangover" from previous cycles has cooled retail spot volumes, massive institutional developments are quietly filling the void. Nasdaq-listed Forward Industries recently pivot-moved into the ecosystem, acting as a validator and securing a massive $1 billion treasury allocation in SOL. Simultaneously, the market is buzzing with speculation as filings reveal banking giant Morgan Stanley has submitted paperwork for its own spot Solana Trust. Key Support to Defend: The $80 – $84 structural floor remains the ultimate line in the sand for bulls. Upside Resistance Ceiling: Breaking past the heavy $95 – $98 supply zone is the major hurdle needed to trigger a short squeeze toward $124+! 🚀#Gateio #Web3 #Blockchain #Layer1Solana Price Analysis & Elliott Wave Update provides an in-depth look at how near-term time cycles and Elliott Wave counts align with the current $81–$88 support and resistance parameters.