.png){kind=logo}
Solana News Today: SOL Advances Toward Breakout as Network Activity Climbs
Solana approaches a major breakout point as it trades near its primary downtrend resistance, while network data shows rising DeFi activity and growing liquidity across core sectors. Analyst Rand points to a tightening price structure, a rebound from key support, and increasing pressure against a long-term resistance line.
Solana’s DeFi ecosystem expands at the same time, with TVL nearing $9 billion and revenue indicators climbing across several metrics. Market participants follow these combined trends as they assess whether Solana can confirm a decisive bullish move.
Technical Structure Tightens Near Long-Term Resistance
Solana trades inside a multi-month descending channel that has shaped price action since October. Rand notes that SOL moves directly into the main downtrend line. Candles form higher lows within a defined horizontal range. This pattern shows a clear compression phase.
The chart displays support at the $128–$138 zone. Price reacts to this area many times. Several long wicks confirm active buying interest at this band. These repeated interactions strengthen the level’s role.
SOL also interacts with the $152 resistance range. Price tests this zone many times. Each attempt forms a tighter structure. Volatility reduces as pressure builds. These behaviors indicate preparation for a directional shift.
The next resistance sits between $174 and $186. This zone capped rallies in June and October. A break of the downtrend line and a reclaim of this horizontal band create room toward $210–$225.
Additionally, long-term resistance levels appear near $260 and $300. These areas remain key higher-time-frame targets if momentum increases. Rand states that SOL breaches the main resistance. He describes the setup as primed for a possible breakout. Can Solana sustain this progress as it approaches these upper thresholds?
DeFi Growth Pushes Solana’s TVL Toward a Two-Year High
Solana’s total value locked rises to $8.984 billion. TVL grows 2.02% within 24 hours. This increase lifts Solana near its highest TVL levels since late 2021. DeFi activity expands across lending, liquidity markets, and trading platforms.
Stablecoins on Solana total $15.588 billion. This liquidity supports decentralized applications. Chain fees reach $727,915 in 24 hours. Chain revenue stands at $284,212. Staking revenue reaches $951,871.
Application revenue climbs to $4.6 million. Total protocol fees reach $9.56 million. These figures show consistent network usage. DEX volume reaches $3.79 billion. Perpetual's volume totals $1.334 billion. Inflows reach $4.02 million.
The TVL chart shows a strong recovery. Mid-2023 levels fell below 10 million SOL. The network has climbed steadily since then. TVL now approaches 70 million SOL. Growth spans through 2024 and 2025. This steady rise restores activity levels from the 2021–2022 expansion cycle.
Capital Rotation and Network Strength Support Broader Activity
Solana’s rising TVL aligns with broader liquidity expansion. Projects gain more capital inflows. This strengthens the ecosystem. Users continue to engage with high-volume markets. More fees accumulate as activity grows.
Liquidity conditions improve as stablecoins expand. Revenue sources diversify. Trading flows rise. More users interact with decentralized markets. DEX and perpetuals activity remain strong.
The network benefits from consistent participation. Each metric shows steady growth. These indicators build confidence across the ecosystem. Combined with technical signals, this strengthens interest in Solana’s trajectory.
Also Read: Solana (SOL) Aims for $150, but Seasoned Investors Pick GeeFi (GEE) for Millions in Long-Term Gains
Conclusion
Solana approaches a major breakout as price action tests long-term resistance while its DeFi ecosystem expands with rising TVL, strong liquidity, and increased network usage. These combined signals show growing market engagement. Traders may follow SOL closely as momentum builds across both technical and fundamental indicators.
