Solana (SOL) is currently trading at $186, forming an ascending broadening pattern with resistance near $315. Analysts suggest a potential breakout could propel the price beyond $600 if momentum persists. The network's DeFi activity surpasses $11 billion in total value locked (TVL), indicating robust participation in decentralized applications and protocols. Support is identified around $120, with Solana maintaining its position above the 200-day moving average and active addresses exceeding 2 million, reinforcing the bullish outlook.