- Solana consolidated in a rising wedge pattern below the $200 level.
- SOL ($178.57)’s TVL including Staking, Borrows, and Liquid Staking hits $20 Billion.
Solana’s [SOL] price has decreased by more than 1.50%, currently trading at $191, while its volume has declined by 16% to $2 billion, according to CoinMarketCap.
The chart shows a rising wedge pattern forming below the $200 resistance level, a pattern that often precedes a potential reversal to the upside during bullish markets.
Despite this, the ascending support line has consistently held, showing strength as prices made higher lows, suggesting a bullish undercurrent.
Solana has struggled around the $200 level, which acts as strong resistance, indicating that this price level is critical for future bullish momentum.
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