Solana TVL Dey Peak for SOL, E Eye $210 Breakout
Solana TVL wey dem measure for SOL tokens don reach 58.8 million, e show say na highest since 2022. Dis kena show say DeFi dey popular for di network as users dey put more SOL for lending, staking and liquidity pools. For US dollar, Solana TVL dey $11.03 billion, e dey small below im January peak because price dey change anyhow.
Technically, SOL don get back to $200 level for first time since end July, e close for $201.81 after e rise 5.2%. Di token don break pass im 50-, 100- and 200-day SMAs, e dey show say market structure dey bullish with higher highs and higher lows. Analysts talk say $210 resistance na di next important level. If e break pass there well, e fit push go further to $240–$250.
On-chain and technical indicators dey align to show say network adoption and DeFi dey strong. Increase for TVL in SOL terms show say users dem dey more engaged, plus price momentum above $200 show say bullish feeling don come back. Traders go dey watch confirm above $210 to know say SOL price breakout fit last.
Bullish
Solana SOL-based TVL surge to 58.8 million tokens dey show say DeFi engagement strong well well, while price wey don reclaim $200 and break key SMAs mean say new bullish momentum don show face again. For history, similar TVL increases for Ethereum dey usually come before long rallies. If price fit break above $210, e fit attract momentum traders and push SOL go $240–$250 range. For short term, traders fit dey capitalize on how $210 resistance dey tested, while long-term investors dey see higher on-chain metrics and network adoption as signs say price go increase for future. This combination of technical and on-chain indicators dey support bullish outlook.