📈 Solana (SOL) – Daily Market Update
• Current Price: $147.65
• 24h Change: +8.24%
• Intraday High: $149.75
• Intraday Low: $138.56
• Market Cap: $70.86 billion
• 24h Trading Volume: $4.13 billion   
Solana has experienced a significant price increase today, with its value rising by over 8%. This surge is attributed to renewed investor interest and broader market optimism.
🔍 Key Drivers Behind the Rally
1. Institutional Investment Surge
Janover Inc., now rebranded as DeFi Development Corporation, has announced a substantial investment of $11.5 million in Solana as part of its new treasury strategy. This move underscores growing institutional confidence in Solana’s potential. 
2. Technical Indicators Suggest Bullish Momentum
Analysts observe that Solana is approaching a critical resistance level at $150. A breakout above this threshold could pave the way for further gains, with some projections targeting $215 in the near term. 
3. Market Sentiment and Comparisons
Prominent trader Peter Brandt has highlighted Solana’s potential to outperform Ethereum, citing bullish technical patterns in the SOL/ETH trading pair. 
🔮 Outlook
If Solana maintains its current momentum and successfully breaks through the $150 resistance level, it could signal the end of its recent downtrend and initiate a new phase of growth. Investors and traders should monitor key support and resistance levels, as well as broader market trends, to assess the sustainability of this rally.
