$SOL

Based on the latest technical analysis, SOL is currently forming a symmetrical triangle pattern, which is often a sign of an impending breakout. Currently, SOL is in an important zone that could be the trigger for further price movements.

If SOL manages to pass this pattern and closes the four-hour candle above the resistance level of US$ 270, the price has the potential to jump up to 25 percent, with a target of reaching US$ 330 in the next few days.

In addition, the Relative Strength Index (RSI) indicator is currently at 54, indicating a high possibility that SOL will experience further increases.

In addition to the positive price outlook, the growth of Solana-based Decentralized Exchanges (DEXs) is also in the spotlight. According to a report from on-chain analysis firm DeFiLlama, trading volume on SOL-based DEXs reached US$ 202.7 billion in the past month, far surpassing Ethereum which only recorded US$ 63.21 billion.

The bullish sentiment is also reinforced by data from on-chain analytics platform Coinglass which shows that in the last 24 hours there has been an outflow of SOL of US$ 40.60 million from exchanges. This indicates that long-term investors are accumulating the token, which could drive further buying pressure and provide a boost for the price to rise to higher levels.