Solana has surged over 22% in response to bullish momentum in the broader crypto market, mirroring Bitcoin and Ethereum's upward movements.
There has been significant growth in the number of wallets holding 0.1 SOL or more on the Solana network, reaching 11.04 million in the past two weeks.
Solana is currently consolidating just below the $181 resistance level, with potential for a strong breakout if bullish momentum continues.
The crypto market is witnessing a strong recovery, and Solana's rally may be indicative of a larger bullish phase with promising upside potential.