SOL price reclaims $200 as Solana TVL surpasses $11B milestone: what’s next?

Key Points

1. Solana's price has surpassed $200, a key psychological level, for the first time since February 11, driven by organic demand and bullish momentum.

2. Solana's TVL reached $11.69 billion, signaling strong blockchain activity and increased capital inflow into the ecosystem.

3. SOL's price increased by over 12% in 24 hours, with trading volume up by more than 100%, reflecting robust trader interest.

4. Analysts highlight $189 as a critical resistance level, with potential for further gains if SOL stabilizes above this mark, possibly reaching $254 or higher.

5. Key ecosystem platforms like MarginFi, Kamino, and Jito are contributing to Solana's growth, with investor accumulation noted at $18-$25 and $85-$110 price ranges.