Solana has staged a breakout over the last week, surging 15% to reclaim the psychologically crucial $65 level. The powerful momentum comes as on-chain data reveals trading volumes crossing $1.4 billion in 24 hours, surpassing combined totals from rival layer-2 chains Polygon and Optimism. Solana also holds nearly $700 million in total value locked across its thriving DeFi ecosystem.
Keypoints
- Solana price gained 15% in one week to exceed $65 resistance
- Daily trading volumes topped $1.4 billion, surpassing Polygon and Optimism
- Indicators like RSI show bullish strength while moving averages provide support
- Upside price target at $75 in coming days, then potentially $100 in 2024
- But failure to hold above $62 support risks retesting lower $50 level
Analysts suggest the burgeoning network activity and asset flows point to a maturing Solana positioned for additional upside. Some even eye a potential push towards…
