$SOL is trading at $159.22, reflecting a 9.17% increase from the previous close. The intraday high reached $161.57, while the low dipped to $145.01.

This surge in price is attributed to several factors:

Institutional Investment: SOL Strategies Inc., a Canadian-listed company, recently purchased $18 million worth of SOL, signaling strong institutional confidence. Pintu: All-in-One Crypto App

Technical Indicators: Solana has formed a bullish chart pattern, suggesting a potential upward movement. CoinCentral

Market Sentiment: The broader cryptocurrency market has shown positive momentum, further boosting investor confidence in SOL.

Investment Outlook

Short-term resistance for SOL is observed around the $175–$180 range, with support levels at $145 and $150. If the price maintains above $150, a potential breakout towards $180 or higher could occur. However, investors should remain cautious of market volatility and consider their risk tolerance before making investment decisions

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