đ($SOL ) Solana is trading around $203â$204, holding strong above the key $200 support with a 2% daily gain. If bulls push past $205â$215, the next target could be $250â$300.
đš On-Chain Strength: Solanaâs TVL hit $34B, up 200% YoY, with major DeFi protocols driving growth. Institutions are also expanding holdings, boosting confidence in SOLâs long-term outlook.
đš Major Upgrade: The Alpenglow consensus received 99.6% approval, cutting block finalization time from ~12s to just 150ms, enhancing speed and reliability.
đš Ecosystem Momentum: Solana($SOL ) led all chains with 21M active addresses last week. Pump.fun dominates launchpads with 70% market share, though faces a $5.5B lawsuit.
â ď¸ Risk: On-chain signals show profit-taking pressure. If SOL falls below $190, a dip toward $170â$150 is possible.
With strong fundamentals and ecosystem growth, Solana looks bullish above $200, but short-term volatility is likely.
#Solana #CryptoNews #Blockchain #DeFi #Altcoins
Disclaimer: This is not financial advice. Always (Do Your Own Research).
