SOL Token Surges 3.36% on ETF Optimism, Institutional Adoption, and Bybit DEX Launch Momentum

Solana (SOL) has experienced a 3.36% price increase over the past 24 hours, rising from a 24h open of $153.30 to a current price of $158.45 on Binance. This upward movement is primarily attributed to renewed optimism surrounding potential spot Solana ETF approvals, following the U.S. SEC's request for revised S-1 filings from ETF issuers, as well as increased institutional adoption and the upcoming launch of Bybit’s hybrid DEX on the Solana network. Additional support comes from strong technical signals, including a high RSI and robust buyer activity in the $152–$155 range, alongside high trading volume of approximately $4.45 billion. Currently, Solana is trading with a market capitalization of about $83.17 billion, ranked #6 globally, and maintains strong momentum with buyers showing sustained interest amid anticipation of further positive developments.