Solana (SOL) has broken out of consolidation and is targeting the $164 level, supported by technical indicators confirming the bullish trend and rising volume.
Solid fundamentals, including ETF approval and inflows from staking, underpin Solana's rally, making it one of the top-performing cryptocurrencies in the last 24 hours.
The price of Solana (SOL) is currently at $157.98, with increased trading volume and market value at $84.63 billion, reflecting growing interest from users and institutional investors.
Solana forms a bullish breakout chart pattern supported by rising volume and higher highs. The approval of a Solana-based ETF boosts investor sentiment, indicating potential for further gains in the cryptocurrency.