Solana Breaks Above $180 Support, Poised for Rebound Towards $230 & $290

Solana is displaying strong price action above the crucial $180 support level. Charts indicate a potential rebound towards $230 and $290 as momentum builds. This upward movement aligns with growing institutional investment in Solana, including inflows into the REX-Osprey Staking Solana ETF, which now manages over $400 million in assets. On-chain metrics show robust activity, with stablecoin supply increasing by 14% and transaction volume surging by 55%. This indicates a flourishing ecosystem for Solana.