Solana (SOL) is poised for a potential breakout above $220 as it maintains strong support above $210, with the price consolidating near $216. The cryptocurrency's total value locked (TVL) has reached $12.456 billion, highlighting increased network activity. Additionally, CME futures open interest has climbed to $1.49 billion, indicating heightened institutional interest. Active addresses on the network have surged to 2.48 million, reflecting growing user engagement. These factors, combined with a bullish technical pattern, suggest Solana may continue its upward trajectory, potentially targeting $230.
Solana Targets $220 Breakout Amid Rising TVL and Futures Interest
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