Solana has broken out of a falling wedge pattern on the daily chart, maintaining a price near $133.16. Despite the technical breakout, trading volume remains moderate, and no significant rally has followed. On-chain data indicates a DeFi total value locked (TVL) of $8.81 billion and a stablecoin market cap of approximately $16.18 billion.
Traders are closely monitoring Solana for a potential close above $140, which would confirm the bullish trend. Network activity remains steady, and analysts are watching for a spike in trading volume to validate the recent price movement.
Solana Breaks Falling Wedge, Holds Steady at $133
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