Solana TVL Peaks in SOL, Eyes $210 Breakout
Solana’s TVL measured in SOL tokens has reached 58.8 million, marking its highest level since 2022. This surge indicates increased DeFi adoption on the network, as users commit more SOL to lending, staking and liquidity pools. In US dollar terms, Solana’s TVL stands at $11.03 billion, slightly below its January peak due to price volatility.
Technically, SOL reclaimed the $200 level for the first time since late July, closing at $201.81 after a 5.2% rally. The token has broken above its 50-, 100- and 200-day SMAs, showing a bullish market structure with higher highs and higher lows. Analysts highlight the $210 resistance as the next key level. A successful breakout there could fuel further upside toward $240–$250.
On-chain and technical indicators align to suggest robust network adoption and DeFi growth. Increased TVL in SOL terms underscores stronger user engagement, while price momentum above $200 points to renewed bullish sentiment. Traders will watch for confirmation above $210 to validate a sustained SOL price breakout.
Bullish
Solana’s SOL-based TVL surge to 58.8 million tokens reflects strong DeFi engagement, while price reclaiming $200 and breaking key SMAs points to renewed bullish momentum. Historically, similar TVL increases on Ethereum preceded extended rallies. A breakout above $210 is likely to attract momentum traders and push SOL toward the $240–$250 range. In the short term, traders may capitalize on tests of the $210 resistance, while long-term investors view higher on-chain metrics and network adoption as signals of future price appreciation. This alignment of technical and on-chain indicators supports a bullish outlook.