📈 Solana ignites again! Are we seeing 200$ soon?

The Solana (SOL) currency is witnessing an astonishing rise of 12% this week, preparing to test critical resistance levels. After trading in a range between 145$ and $175, technical indicators have begun to suggest that the consolidation phase has ended, and the breakout phase has started 🔥🚀

🔍 Technical analysis reveals that Solana is testing equilibrium at $185, with strong resistance looming at $193. If these levels are surpassed, we might see upcoming targets at 215$ and $250, and even $295, 330$ and 400$ according to some analysts' predictions!

📊 Fundamental factors boosting this rise:

An increase in total value locked (TVL) from $6 billion to $9 billion.

A rise in the number of active wallets to over 3.3 million wallets.

A strong technical pattern indicating a "cup and handle," enhancing breakout chances.

🏦 The Federal Reserve's halt on interest rate hikes and expectations of a cut between 30 to 50 basis points by the end of 2025 supports high-beta assets like SOL to attract liquidity.

Are you betting that 200$ is the next stop? ✨

#Solana #AltcoinBreakout #CryptoMarket4T #ETHBreaks3700 #BTCvsETH

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