The native token of the Solana blockchain, SOL, is showing strength and is poised to reach a new all-time high. It has formed a bullish price action pattern and if it breaches the pattern and closes above $270, it could soar by 25% to reach $330. The volume generated by SOL-based decentralized exchanges (DEXs) has surpassed that of Ethereum, indicating growing attention and strength. Long-term holders have been accumulating the token, as shown by significant outflows from exchanges. SOL is currently trading near $258 with a slight decline in price and lower trading volume compared to the previous day.



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