Solana’s recent uptrend is attributed to several factors
Technical Breakout: SOL has surpassed a critical resistance zone between $153 and $155, which had previously capped upward momentum since February. This breakout suggests potential for further gains.
Increased Trading Volume: Analysts anticipate a surge in trading activity throughout May, potentially leading to a breakout and higher price levels.
Network Developments: Solana’s ecosystem continues to expand, with growing adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs), contributing to its bullish outlook.
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