SOLANA PRICE PREDICTION : SOL Could Reclaim $200, But This DeFi Token is Stealing the Spotlight

Solana Price Prediction: SOL Could Reclaim $200, But This DeFi Token is Stealing the Spotlight

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Solana (SOL) is once again testing the mettle of investors trading near the $145 mark after a rollercoaster June. While SOL remains one of the market cap leaders attention is rapidly shifting to a new high-growth DeFi coin Mutuum Finance (MUTM).

The token sits at stage 5 of presale for $0.03. Having already smashed through more than $11.1 million presale and indicating more than 12,400 investors, Mutuum Finance is starting ripples.

Solana Holds Strong Support

Solana (SOL) fluctuates near levels of $135 in the current times, regaining its anchor around the $132-$142 range after blasting off a recent drop. Onchain data shows that there is a lot of buy pressure amassing at levels of $145-147 offering a solid bottom to the bounce.

The technical signals today also point to a big resistance zone of between $152-$155; a breakout above this level on increasing volumes can drive the price to the much-hyped price of $200 late in the summer. However, if SOL won’t be able to break above $152, a minor correction to the price level of $130-$132 will ostensibly take place. Traders have started focusing on smaller altcoins such as Mutuum Finance (MUTM) in the hopes of altcoins breaking out of larger-cap token consolidation.