Solana Price Breaks Above Key Support Level, Trades at $121

Solana's price has broken above the $94.85 level and is now trading at $121.69, up 0.23% over the past 24 hours.

The token reached an intraday high of $124.95 during the session, with activity picking up in both the spot and derivatives markets.

According to DeFiLlama data, Solana's total value locked (TVL) grew from $4.7 billion in early August to $6.7 billion by late September, while open interest has climbed to around $7.5 billion.

A large trader was identified by Lookonchain as holding a 20x long position of 550,087 SOL, worth $67.88 million, with more than $23 million in unrealized profit.