$SOL

Currently, Solana is in the “Hope” zone according to the Net Unrealized Profit/Loss (NUPL) indicator. Historically, when Solana entered this zone, it often preceded price increases, with the price rising as the indicator approaches the “Optimism” zone at 0.25.

Although Solana is still far from this threshold, the price of the altcoin could increase in anticipation of greater bullish momentum.

In addition to the strong NUPL signal, Solana is seeing significant interest from institutional investors. This interest is further reinforcing the positive market sentiment as more institutional investors increase their exposure to Solana.

This institutional confidence is likely to contribute to the continued positive price action and add strength to Solana's recovery.