Is Solana Breaking Out Above $145 for a Surge Towards $158?

Solana (SOL) is currently trading above the key support level of $145. Bulls are defending this critical zone, with recent price gains indicating potential breakout momentum. Trading volume has surged 31.90% in the last 24 hours, suggesting an active accumulation near the support level. While a decisive surge towards $158 is on the table, a break below $145 could lead to further correction. 78.76 billion USD market capitalization is indicative of Solana’s strong presence in the crypto space, and its current price action suggests a bullish trend. 2.90% growth in market cap and a high trading volume point towards increased investor interest in the SOL coin.