Solana Price Eyes $280 as Retail Bullish Sentiment Fuels Climb

Solana (SOL) has experienced a dynamic August, exhibiting a strong upward trend before encountering resistance near the $213 mark. Despite recent price fluctuations, SOL continues to outpace the broader crypto market with a 47.2% year-to-date gain and a 4.2% increase within the last 24 hours. This success is fueled by robust retail sentiment as well as growing activity in derivatives markets.