Solana's price experienced a significant increase on November 6, rising to $186, a 13% gain over 24 hours, following the implications of Donald Trump's victory in the U.S. elections. The SOL price surged from a low of $156 on November 5, marking a 20.4% climb. This rise is attributed to strong performance metrics within the Solana ecosystem, as well as a broader cryptocurrency market rally. Notably, the SOL/ETH ratio reached a new all-time high, suggesting investor preference is shifting away from Ethereum. Solana's Total Value Locked (TVL) saw a remarkable increase of $650 million to $6.54 billion, reflecting growing demand for SOL tokens. Additionally, many Solana-based tokens experienced gains, enhancing overall market sentiment toward SOL. Analysts are optimistic, indicating that if SOL maintains above $180, it may target higher resistance levels around $200 to $220, though caution is advised for any pullbacks below this support level.

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