Solana Surpasses $178 Resistance Amid Volume Surge, Targets Near $300–$360 Range Possible
Main Idea
Solana's price breaks through the $178 resistance with strong volume, targeting $300-$360, supported by a growing DeFi ecosystem with a TVL of $10.45B.
Key Points
1. Solana surpassed the key resistance at $178, reaching above $203, indicating a significant technical breakout.
2. Fibonacci extensions suggest potential price targets between $300 and $360, with 1.618 level near $297.65 and 2.0 extension around $360.76.
3. Solana's DeFi TVL reached $10.45B, reflecting strong ecosystem growth and liquidity inflows.
4. The price appreciation of over 21% in the past week aligns with the upward momentum in Solana's DeFi activity.
5. The breakout and ecosystem growth suggest sustained bullish momentum for Solana.
Description
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