Solana Price Prediction: DeFi TVL Growth Fueling SOL’s Climb to $180 ?

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Solana price prediction: SOL has experienced an increase in price over the past 24 hours following market recovery. At the time of reporting, Solana price is trading at $137, with a surge of 2% in the U.S. section.

Solana’s market cap has increased by 2%, reaching $63 billion, ranking it 5. The 24-hour trading volume, however, has decreased by 32%, standing at $2.2 billion, placing it at 6.

Solana Price Prediction: SOL Points Towards Potential Upsurge

Solana has diverged from the broader market downtrend, with consecutive upticks observed over the past 48 hours. SOL has maintained positive momentum, positioning itself as a standout crypto asset. other altcoins continue to face bearish trends

Over the past week, SOL price has seen a decline in value. The cryptocurrency has decreased by over 1% in the last seven days, indicating significant selling pressure.

Despite the price recovery, traders in the derivatives market have shown a more cautious response. Meanwhile, major cryptocurrencies outside Solana experienced minimal fluctuations, with changes remaining under 1%, oscillating between slight gains and losses

Solana has demonstrated notable resilience despite the prevailing bearish sentiment in the crypto sphere. The price of SOL has formed a bullish technical pattern known as a ‘falling wedge.’ This pattern is characterized by converging trend lines connecting lower and lower highs, sloping downward in a narrow shape.

The falling wedge pattern typically suggests that while the asset consolidates within a downtrend, it is losing bearish momentum and potentially setting up for an upward reversal

If bullish momentum continues to build, the Solana price prediction could breach the crucial $150 resistance level, signaling a potential resurgence in bullish sentiment and aiming for targets around $190. Sustained upward movement may pave the way for SOL to soon approach the significant $200 resistance mark