Solana Usage and Trades Surging; Price Eyes $200 if Resistance Breaks

Solana (SOL) is seeing increasing usage and trades on its decentralized exchanges (DEXs), which could fuel further price increases.

Solana's RSI indicator is balanced at 48, suggesting the potential for a breakout in either direction.

Solana could soon reach 1 million daily active users based on 85% user growth in the past month.

If Solana breaks the $150 resistance level, its price could surge to $200. Support sits around $144.

Shorter-term moving averages are crossing above longer-term ones for SOL, signaling that prices may keep rising in the coming days.