42% increase in Solana $SOL Total Value Locked (TVL)

Solana's decentralized exchanges, Raydium and Orca, saw a huge surge in trading volume, leading to a 42% increase in SOL's Total Value Locked (TVL) and a significant price jump to $67.69 on November 15. Data from DeFiLlama shows a 54% increase in Solana's DEX trading volume, surpassing $3.01 billion, driving SOL's TVL up to $584.56 million by November 20. This surge attracted attention, with Cathie Wood praising Solana's efficiency in a CNBC interview, boosting SOL's price by 20%. Despite hitting $67.69, SOL fell to $55 on November 17 and now stands at $60.66. However, it retains over 5% of its recent gains. Technical analysis suggests a potential support level at $58 despite the price drop. Overall, despite fluctuations, Solana's increased trading activity and positive investor sentiment indicate continued interest and potential stability. $SOL #SOLSurge #SOLPriceAnalysis