Solana Breaks Resistance, Poised for Surge to $260 or Beyond

The cryptocurrency Solana (SOL) is nearing a potential breakout, with analysts predicting a surge to $260 or higher. The price has been encountering resistance near its 2021 all-time high, but recent trends suggest an imminent breakthrough. This is driven by institutional interest fueled by the launch of Bitwise’s Spot Solana ETF, which garnered $69.5 million in net inflows on its first day of trading. Additionally, stablecoin volume on the Solana network recently hit a record high of $548 billion, further solidifying its role in DeFi growth.