Solana is currently testing a critical resistance zone around the $160 mark. If the price breaks above this level, a rally toward $200 could be on the horizon. The strong support in the $120-$130 buying zone has propelled the recent upward movement, and traders are watching closely for the next leg up.
Additionally, Solana’s ecosystem is seeing impressive growth in Total Value Locked (TVL), with several DeFi projects surpassing $1 billion in locked assets. This rise in TVL and the increasing trading volume across Solana-based decentralized platforms are solidifying its position as one of the leading networks in the crypto space. If the positive momentum continues, Solana could be set for another significant leg up in the market.
