Solana network activity surge and megaphone chart pattern set $210 SOL price target
Solana's price recently tested resistance at $180 but is currently hovering above $170 after a small dip. A megaphone chart pattern forms on the 4-hour chart, suggesting volatility and a potential price increase to $210 if it breaks the upper resistance. This rise would represent a 21% gain from current prices. However, failure to breach $180 could lead to a drop towards critical support levels at $161 or $150. Notably, Solana's ecosystem has shown renewed investor interest with a $4 billion increase in realized capital and 731 million transactions over the past week, positioning it as a strong contender among blockchain platforms. The recent findings hint at a significant recovery in demand and potential growth for SOL, making volume confirmation crucial for any breakout to be sustainable.
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