Solana's Liquidity Sweep - Upside Potential After Breaking $200

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Solana (SOL) recently broke through the critical level of $200, experiencing a liquidity sweep. After breaking the ascending triangle pattern, SOL quickly surged, breaking through $182 and approaching the liquidity zones of $213 and $230, which will become important support and resistance levels for future price movements.

Liquidity Clusters and Future Trends

If SOL can successfully break through and consolidate above these key ranges, it may rise further. If the price retraces to these zones, SOL may also gain strong buying support, maintaining a bullish trend.

Bullish Momentum and Price Predictions

After breaking $200, SOL confirmed a sustained bullish trend, with the price reaching $208.69 and nearing the next target of $230. If the bullish momentum continues, SOL is expected to break through these areas, pushing the price further up.

Solana ETF Expectations and Market Sentiment

Polymarket predicts a 77% chance of Solana ETF approval by 2025. This expectation brings positive sentiment to the market; if the Solana ETF is approved, the market acceptance and institutional investment inflow for SOL are expected to increase significantly, further driving up the price.

Market Cap and TVL Growth

Solana's market cap has surpassed $100 billion, with total value locked (TVL) reaching $9 billion, showcasing its strong influence in the DeFi space. These indicators support Solana's potential for further increases, possibly enhancing its valuation and market position.

Conclusion

Solana is at a critical stage of upward movement, and if it can break and maintain above $230, it may see higher market levels. Investors should pay attention to whether Solana can sustain its upward momentum and break this key resistance level.

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