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Solana's (SOL) price has decreased by over 1.50%, currently trading at $191, with a rising wedge pattern forming below the $200 resistance level. Key highlights:
- A break above $200 could trigger a significant rally, targeting $236 and potentially extending above $400 in Q1 2025.
- Failure to surpass $200 might result in a pullback to lower support levels around $180.
- Solana's Total Value Locked (TVL) has reached $20 billion, an all-time high, signaling robust participation in staking, borrowing, and liquid staking.
- Daily fees collected amount to $3.22 million, reflecting high network usage, while volume totals $3.293 billion.
- Solana's market cap stands at $91.682 billion, positioning it for possible growth into 2025.
- The network's financial performance in December 2024 was significant, with DEX trading volume and revenue generation from Pumpdotfun exceeding $80 million. 1 reply
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