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Can Solana Sustain Its Momentum and Reach $500?

  • Solana (SOL) has surged to an all-time high of $265, with its market capitalization surpassing $121 billion.
  • Solana's decentralized exchange (DEX) ecosystem commands 45% of the market share and has a Total Value Locked (TVL) of $9.35 billion.
  • Analysts identify key resistance levels at $271 and $309, which could trigger further price gains for Solana.
  • Despite potential risks, Solana's bullish momentum remains strong, with speculations of its price reaching $500 fueled by investor confidence and DeFi adoption.

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