Solana (SOL) is nearing the $200 mark, trading above $190, its highest since February, amid a broader altcoin rally spurred by the GENIUS Act. Analysts indicate that surpassing $190 could trigger a significant rally, with $200 as the next resistance level. On-chain data shows investors have accumulated over 8 million SOL at this price point, while liquidations have surged, with $12 million wiped out in 24 hours, underscoring high trading activity. Solana's total value locked (TVL) in DeFi has climbed to $10.2 billion, reflecting increased adoption. Additionally, exchange-traded products linked to Solana have experienced inflows, signaling growing investor interest in the cryptocurrency.