Solana’s price has surged past the $200 mark, fueled by a powerful rally driven by both Bitcoin’s impressive gains and technical indicators. This surge comes as traders are eyeing potential targets above $280, indicating strong momentum in the cryptocurrency market. Notably, Solana’s trading volume has jumped nearly 90 percent, signaling renewed confidence among investors. Market optimism is further boosted by the recent break-out of Solana’s price above its key technical levels and increasing adoption within the DeFi space. The surge was fueled by a wave of short liquidations across various altcoins driven by Bitcoin’s upward climb, forcing bearish traders to exit their positions. Additionally, Solana’s co-founder Anatoly Yakovenko’s public challenge to Ethereum’s layer-two security models has contributed to the increased interest in SOL.