Solana Price Breaks $1,300 Barrier; Bullish Momentum Fueled by OBV Confirmation

Solana’s upward trend has reached new heights, with the cryptocurrency breaking past key resistance levels and currently trading above $1,300. Recent price movements suggest a clear bullish breakout, supported by strong buying pressure indicated by the On-Balance Volume (OBV) metric. 24-hour trading volume stood at $7.73 billion, while market capitalization increased to $121.72 billion, reflecting an overall optimistic outlook for Solana. Trading activity suggests a shift from volatility to consistent upward momentum, with price action forming parallel ascending lines on the chart.