Solana Breaks Resistance, Eyes Breakout Above $152.86

Solana (SOL) experienced a significant surge, surpassing its previous year’s support level of $152.86 after a 50% drawdown. This move comes on the heels of a strong 8.6% daily gain, fueling speculation about an upward movement in the broader crypto market. Market analysts attribute this recent price rally to the growth of decentralized finance (DeFi) applications and increased institutional interest in Solana.