Mapping Solana’s path beyond $200 after SOL’s 13% daily surge
Main Idea
Solana (SOL) has experienced a significant price surge, rising 13% in a day and 18% monthly, with potential for further gains driven by increased trading volume, network activity, and investor interest.
Key Points
1. SOL's price surged to $201, marking a 13% daily increase and an 18% monthly gain, with potential for further rally.
2. Trading volume for SOL reached $1.2 billion in a single day, a level last seen in March, indicating heightened market activity.
3. Solana's network generated $163,400 in revenue in the past day, its highest level, reflecting increased usage and demand.
4. Daily Active Addresses and transaction volume (100.6 million) surged, demonstrating strong user engagement and on-chain momentum.
5. SOL's next key resistance levels are $219.21, $252.91, and $296.83, with $252.91 being a significant hurdle due to past pullbacks.
Description
SOL’s recent rise could draw investor interest once more.
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