Solana Price Forecast: Support at $150 Crucial Amid Surging DeFi Transactions and TVL
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Solana has successfully maintained a crucial support level at $150, a key factor in preventing its price from falling to $140. This comes amid a significant surge in decentralized finance (DeFi) transactions and an increase in Total Value Locked (TVL) on the Solana blockchain.
The intensified DeFi activities highlight the growing interest and confidence in the Solana network, which has managed to uphold its resilience against broader market fluctuations.
Keeping the $150 support level is essential for Solana to sustain its upward momentum and attract further investments, leveraging the ongoing interest in DeFi applications and smart contracts hosted on its platform.
Source: en.coinotag.com ↗
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