Solana network activity surge and ‘megaphone’ chart pattern set $210 SOL price target 📈
Solana has formed a megaphone chart pattern with a potential price target of $210. Despite a minor drop in price, the increased network activity and ecosystem growth indicate renewed investor interest. Solana tested resistance at $180 but didn't sustain, forming a classic setup for increased volatility.
The chart shows resistance around $185; a breakout could push SOL to $210, suggesting a 21% rally. Failure to break could lead to a fallback towards lower support levels. The surge in Solana's realized cap and transaction volume highlights its burgeoning momentum.
Solana's recent capital inflow and transaction volume place it as the second-ranked blockchain, displaying its competitive edge.
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