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Solana ($SOL) has recently surpassed Ethereum in trading volume on decentralized exchanges (DEXs), with its price currently at $154. Over the past year, global DEX volumes across Layer 1 blockchains have increased by 125%, with Solana experiencing the largest gain in market share, growing 17 times. Analysts are optimistic about Solana's future, with targets set at $158, $180, and $200. Despite a recent pullback, where Solana's price dropped to $120, the network shows strong support and potential for a bullish breakout if resistance at $202 is breached. Solana nearly doubled to over $200 in Q1 before forming a descending triangle pattern. Fairlead Strategies predicts a bullish continuation if resistance at $202 is breached.
🚨 YO, SOLANA: READY FOR LIFTOFF? 🚨 SOL's been chillin' in a triangle, ready to make moves. Fairlead Strategies hints a breakout could pump the bulls. SOL soared to $200 in Q1, now vibing at $155. With support at $132 and resistance at $202, the next pump's brewing. Watch… https://t.co/swrrQaaT3y
🚨 SOLANA'S TRIANGLE PATTERN: A CATALYST IN THE MAKING SOL's triangular price consolidation suggests a potential breakout. Fairlead Strategies predicts a bullish continuation if resistance at $202 is breached. SOL doubled to $200 in Q1, now at $155, with strong support at… https://t.co/faTCeZ4HjA
$SOL nearly doubled to over $200 in Q1. Since then the uptrend has lost steam with pullbacks supported around $120. That has resulted in a so-called descending triangle pattern. What does it mean? Watch @JennSanasie break it down on "Chart of the Day" presented by @cryptocom: https://t.co/T2Y0srCgxZ
