#Solana' s price struggles to breach $200 despite inflows from meme coin hype.
DeFi activity may bolster bullish sentiment. Despite recent pullback, DeFi TVL surges past $4.6 billion. Rising confidence in Solana's DeFi platforms amid consolidation may spur a price breakout.
Speculative traders anticipate rally, evidenced by increased fees in derivatives markets. Bears face $143 million losses if resistance at $209 is breached, triggering potential sell-offs.
Upside potential towards $210 if bullish momentum persists, but downside risk to $165 if sell-offs intensify.
