⚡ Solana Surges Past $155 as DeFi Activity Explodes!
Solanala $SOL is back in the spotlight after rallying nearly 8% in the past 24 hours to trade at $155.80 on 12 Aug 2025. The catalyst? A massive surge in DeFi activity on the Solana network, which just surpassed $4.8 billion in total value locked (TVL) — its highest level since early 2022.
Technical Setup:
SOL has smashed through the $150 resistance zone with strong daily volume. The next key target is $160-$162, while immediate support sits at $148. The MACD on the daily chart just flashed a bullish crossover, adding fuel to the bullish case.
Why It Matters:
Developers are flocking to Solana thanks to its low fees and lightning-fast transactions. The launch of several new DeFi lending platforms and NFT marketplaces on Solana is attracting both retail and institutional investors. 🌐
Market Sentiment:
Whale addresses holding over 100K $SOL have increased by 3% this week, suggesting accumulation at current levels. Social sentiment is also hitting a 2-month high, with traders predicting a breakout toward $170 if volume sustains.
Bottom Line:
can maintain its momentum and hold above $150, it could become one of the top-performing altcoins in August. But with high volatility in DeFi tokens, caution is still advised.
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