Solana reached a yearly high of $248.44 on November 18, 2024, marking an 8% drop from its all-time high (ATH) of $260. Analysts predict a strong possibility for Solana's price to discover new levels after achieving a positive cup-and-handle breakout on its monthly chart, suggesting a potential target of $400 following the clearance of its previous ATH. Notably, Solana's recent decentralized exchange (DEX) volume skyrocketed to a record $41.2 billion, surpassing prior peaks by over 100%. This performance outstripped volumes from competing networks, indicating a robust and active ecosystem around Solana.
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