The Solana (SOL) currency has seen a significant increase in recent hours, with the price rising from 159.69 to 173.03, driven by strong positive momentum and accelerated activity in decentralized finance platforms.
🔎 Key drivers:
• Strong trading activity in the range between 167 and 170, reflecting increasing interest from traders and institutions.
• Decentralized platforms on the Solana network recorded a weekly trading volume exceeding 35.6 billion, enhancing its position in the DeFi market.
• Technical indicators show a clear upward pattern with higher highs and higher lows.
• The technical support level at 166.82 boosts confidence, while the current resistance at 177 is seen as a gateway towards the 180 target.
🌐 Market influencing factors:
• Escalating trade tensions between China and the United States are driving investors towards alternative digital assets.
• Solana continues to attract users due to its speed and low cost compared to other networks.
📌 Quick technical overview:
• Current price: approximately 173
• Nearby support: 166.82
• Next resistance: 177 then 180
• 24-hour increase rate: 6.3 percent
🗣️ Do you think Solana can surpass the 180 level in the coming days? Share your predictions in the comments
