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Solana (SOL) experienced a significant rally on Binance, surpassing the $150 mark and reaching an intraday high of $175.69. This surge was fueled by increased institutional interest, with SOL recording nearly $6 million in inflows, indicating renewed confidence in the asset .

The bullish momentum was further supported by traders going long on SOL, targeting a price range between $164 and $200 . Technical indicators, such as the Relative Strength Index (RSI), approached bullish territory, suggesting potential for continued upward movement .

As of now, SOL is trading at approximately $172.32, reflecting a 0.11% increase from the previous close . With institutional inflows and positive market sentiment, Solana appears poised for further gains in the near term.