Staking & DeFi Set Stage for Solana $200 Break—Key Price Levels in Focus

• Solana’s price tests key resistance at $196.89, determining short-term movement.
• SOL outperforms Bitcoin and Ethereum in recent price growth and volatility.
• Successful breakout above $198 could push SOL toward $205-$210 resistance.

Solana (SOL) has emerged as a strong contender in the cryptocurrency market, building traction due to its high-speed transactions and growing ecosystem. As staking and decentralized finance (DeFi) adoption expand, investors are watching whether these factors will push SOL’s price higher. 

Recent price movements suggest an ongoing recovery, but resistance levels could determine the next trend. Meanwhile, Solana’s performance compared to Bitcoin (BTC) and Ethereum (ETH) raises questions about its long-term competitiveness.

SOL Price Recovers – Key Resistance Zones in Focus

Solana’s price recently dipped to the $188-$190 range before reversing into an upward trajectory. The rebound led the price past $194, signaling renewed buying interest. Currently, SOL is testing a resistance level around $196.89, a zone that could influence short-term movement.

The broader market conditions and investor senti…

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