🚨 BREAKING: Solana’s $230 Resistance Could Trigger a MASSIVE Price Surge! 🚨

Solana ($SOL) is hovering near a critical resistance level of $230, and all eyes are on whether it will break through. With a $9 billion surge in Total Value Locked (TVL) and rising long-term holder (LTH) activity, the asset is showing strong signs of growth. If $230 is breached, analysts predict $250 will be the next psychological target, with further gains potentially on the horizon.

Key Indicators Supporting Solana’s Momentum

Long-Term Holders (LTH) Rising:
Glassnode data shows that long-term holders (6–12 month cohort) now control 27% of SOL’s supply. This highlights increasing investor conviction despite recent market fluctuations. The reduced selling pressure from LTHs strengthens SOL’s potential for sustained upward trends.

TVL Surge to $9 Billion:
According to DeFiLlama, Solana’s TVL has skyrocketed, reflecting increased user engagement and utility within its DeFi ecosystem. A higher TVL often signals stronger price trends due to greater network adoption.

Strong Price Action:
SOL is trading above its 50-day and 200-day moving averages, with the RSI at a neutral 49.62, indicating room for further growth without immediate overbought conditions.

SOL’s Price Targets and Key Levels to Watch

Resistance Levels:
$230 is the pivotal resistance level. A breakout above this could push SOL to $250, its next major psychological target. Sustained buying interest could fuel even higher gains.

Support Levels:
On the downside, $215 serves as a critical support level. If breached, it may attract further buying during a dip, preventing larger sell-offs.

What’s Driving Solana’s Strength?

The combination of:

HODL Waves Growth: Demonstrates investor trust and reduced selling pressure.TVL Expansion: Indicates real-world utility and adoption within the Solana network.Technical Indicators: Strong bullish signals, with prices consolidating for a possible breakout.

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