The emergence of a strong support line on the Solana (SOL) price chart has caught the attention of crypto traders.
- Veteran trader Peter Brandt noted that SOL found support at $120.
- TraderKoz emphasized that SOL has tested this level three times and that it is important for buyers.
- According to CoinMarketCap data, Solana has shown the highest increase in the last seven days with an 8.82% growth.
- SOL is currently trading at $148.50 and its short-term target is projected at $160.
- Open Interest (OI) increased by 12.5% to $2.34 billion.
- According to DefiLlama data, Solana's total locked value (TVL) increased from $4.66 billion to $5.15 billion in the last three days.
- Dune Analytics data shows that daily transactions increased from 4,630 to 8,023 from August 14 to September 19.
These increases indicate increasing network activity and adoption.