Will Solana Surge Past $176 After 17% Price Jump?

Solana has soared over 17%, propelled by a strong rally from its recent support level near $143. Now, the price is facing a key test at the resistance level of approximately $176. Whether Solana breaks through this level or struggles to move higher could determine its short-term trajectory. Analysts say the bullish momentum stems from expanding DeFi applications and increased institutional interest.