📈 **Solana (SOL) is making waves today!**
Currently trading at $152.26, SOL has seen a 3.4% increase in the last 24 hours. This uptick is fueled by a surge in stablecoin activity and DeFi engagement on the Solana blockchain, with the stablecoin market cap reaching a record $13 billion.
Technical analysts are eyeing a bullish "bull flag" pattern, suggesting a potential rally towards $220 if current trends persist.
Institutional interest is also on the rise. Canadian firm SOL Strategies recently invested $18 million in SOL tokens, aiming to expand its validator footprint and crypto holdings.
As the broader crypto market anticipates the upcoming FOMC meeting, Solana's momentum indicates strong investor confidence and a promising outlook.