SOL Token Surges 2.59% as Technical Breakout, Institutional Demand, and Staking Fuel Momentum

Solana (SOLUSDT) has experienced a 2.59% price increase over the past 24 hours, rising from a 24h open of $177.34 to a current price of $181.94 on Binance. This positive movement is primarily attributed to technical factors, including a breakout from a four-year "cup-and-handle" pattern, which has generated bullish sentiment among traders and analysts. Additional contributing factors include growing institutional interest, the launch of new liquid staking options such as LsSOL, and ongoing speculation about a potential spot Solana ETF approval. The network's expanding ecosystem, low transaction fees, and increased developer activity have further supported market confidence. Trading volume remains robust, reflecting sustained investor interest, with the circulating supply at approximately 537.92 million to 540 million SOL and market capitalization near $98 billion. Overall, Solana continues to demonstrate strong performance and remains a leading asset in the DeFi and NFT sectors.