Solana (SOL) experienced a significant price surge Monday, jumping over 48% with increased trading volume exceeding $3.31 billion as speculation about the Federal Reserve’s leadership intensified. This volatility occurred amidst growing concerns about US monetary policy under uncertainty surrounding Chair Powell’s position. While prices fluctuated and dipped below $136 before recovering strongly above $142, this action coincided with heightened trading activity fueled by market uncertainty. Solana’s market cap reached $72.31 billion, reflecting a higher volume of short-term trades. Solana’s technical indicators also show bullish momentum, with the MACD crossing bullishly and RSI pointing towards potential further gains if resistance at $143 is overcome. Source: CoinMarketCap.
Further information on related events can be found in this article: [Related Article Link].