Solana (SOL) has broken through a key resistance level of $200, ending a 234-day consolidation period. Currently trading at $211, it has gained 5% in 24 hours and is the third-best performer among the top ten cryptocurrencies by market capitalization. Trading volume has increased by 27%, and the Total Value Locked (TVL) in Solana’s ecosystem reached $7.59 billion, its highest level since December 2021.
Strong technical indicators point to potential upward momentum and growing institutional interest. The recent price action has sparked discussions about the role of memecoin activity in driving network activity and price growth.
