Solana's DEX trading volume has surpassed Ethereum, with $60.63B in January 2025 compared to Ethereum's $32.91B, driven by platforms like Raydium and meme coin frenzy. SOL's price, currently at $146.69, faces resistance at $200. Technical indicators show a double bottom at $175 and a rising wedge, suggesting potential for a breakout if bullish momentum persists. Increased network activity and a possible Solana ETF approval (74% likelihood) could fuel demand, but volatility and competition from Ethereum's Layer-2 solutions pose risks. Sustained DEX dominance may push SOL past $200, potentially reaching $270, if market conditions remain favorable and network reliability holds.