🟦The transaction volume on the Solana blockchain has soared to $13.072 billion in a single day, marking a 414% increase. Over the past week, this figure has reached $140.098 billion, highlighting Solana’s growing significance in DeFi and trading sectors. The current price of SOL stands at $248.94, with key resistance at $270 and support at $250.
🟦Technical analysis indicates a bullish momentum: the price remains above the 20, 50, and 100 EMAs, while the RSI at 63.23 suggests room for further growth. A breakout above $270 could lead to gains toward $280, with potential targets in the $300–$350 range.
🟦However, if the $250 support fails, a pullback to $240 or even $220 is possible. Despite this risk, high transaction volumes and strong investor confidence position Solana for potential new all-time highs in 2025.