Is Solana Ready for a Price Surge? Market Momentum Shows Bullish Signs

Solana’s price has surged recently, exceeding the $158 mark and approaching its all-time high of $161.70. This surge is driven by strong trading volume, increasing from 75.81% in a single day to over $3.83 billion. The cryptocurrency market experienced a broader rebound with a 4.09% gain, reaching $3.42 trillion. 5.30% gains are being recorded for Solana’s price in the last 24 hours. This follows on from increased activity and bullish sentiment seen across the crypto landscape. 75.81% of daily trading volume has been reported, with over 13.73 million USD in liquidations recorded within 24 hours according to Coinglass data. Analysts are looking closely at potential breakout levels as the SOL price pushes past resistance. 64 on the fear and greed index signals a degree of market greed. Solana’s current trading range is $158 with an 82.98 billion USD market cap, indicating the asset continues to gain traction.