Solana Surges Over 7%, Reaching New High of $108 as Market Momentum Builds

Solana’s price surged over 7% in the last 24 hours, reaching an intraday high of $112.30 and pushing its market capitalization to $56 billion. This upward movement reflects a growing momentum within the cryptocurrency market. The analyst predicts that if Solana fails to reclaim the critical support level of $121, its price could decline significantly, dropping as low as $58. 7.72% surge in price has led to a significant increase in trading volume, which currently stands at $6.9 billion. This indicates an intensification of market activity and investor sentiment.