$SOL The trading volume of Solana has surpassed that of Ethereum and BNB.

According to CryptoRank, in the last 30 days, transactions worth $28.07 billion have been processed on the Solana blockchain, second only to Tether (USDT), which recorded nearly $300 billion during the same period.

This indicates that investor confidence is returning. Historically, such capital inflows typically precede broad growth cycles.

From a technical perspective, Solana's price action also supports a bullish sentiment. Chart analyst AMCryptoAlex noted that Solana broke out of a descending wedge, a classic reversal pattern.

This breakout, supported by strong volume and momentum, suggests that the downtrend may have ended. Currently trading at around $147.59, Solana's price is targeting short-term goals in the range of $170-$180. If optimistic sentiments persist, new highs could be established as early as the third quarter.