Solana Price Soars Above $208 as Bulls Target Resistance Zone

Solana (SOL) is experiencing a surge, currently trading above the $208 level and testing support at $206. This upward momentum has traders eyeing potential price targets of $216-$225 if the uptrend continues. The price action indicates buyers are actively participating in the market. Analysts attribute this rise to expanding DeFi applications and growing institutional interest. The current market cap rebounded nearly 9% from $105 billion to $114.5 billion after experiencing a midweek decline, showcasing increased activity in the Solana ecosystem.