The post Solana’s (SOL) New ATH is Loading and Here’s Where It Could Be appeared first on Coinpedia Fintech News
Just a week ago, Solana’s (SOL) price was stuck under the consolidation between $150 and $160 and now with a rise of over 35%, the levels are trying to sustain above $200. The rise is impeded due to the meteoric rise in the Solana DeFi and the Solana memecoin space. The DEFI TVL is on the rise and reached levels above $7.5 billion and heading towards highs of around $9.9 billion. Additionally, the Solana DEX volume hit its 2nd highest day ever, reaching $5.28 billion in the last 24 hours.
On the other hand, the memecoin space is gearing up with the newly launched memes on Solana that have managed to reach the $1 billion market capital in a very short time frame. Hence these factors are expected to trigger a fine rise in the SOL price rally which is constantly defending the support at $200. Where will the SOL price head next? Will the pullback hinder th
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