✅ What has happened with Solana?
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SOL rose more than 10% in 24 hours, going from trading around 123 USD to exceeding 140 USD.
This increase places it again among the top cryptocurrencies by market capitalization, with a surge of confidence from both retail and institutional investors.
📈 What factors are driving this rise?
There is a significant increase in flows towards exchange-traded funds (ETFs) that include SOL — suggesting greater institutional demand.
From the technical analysis, it is mentioned that SOL managed to break a 'resistance line' or downtrend zone, which opens up the possibility of new rises.
On a technical level, many point out that if it manages to stay above 142–144 USD, it could aim for new targets around 150–160 USD (and even higher if the momentum is maintained).
⚠️ But: not everything is guaranteed — there are also risks
Despite the rebound, the cryptocurrency market remains volatile. Some recent corrections remind us that levels like 138–140 USD function as a 'key support/resistance level'.
The overall market sentiment —especially regarding other macroeconomic variables or decisions by regulators/institutional actors— can greatly influence whether the rise consolidates or not.
🔮 What could come for Solana?
If it manages to maintain support above 140 USD and there is continuity in flows towards ETFs, SOL could regain momentum towards the 150–160 USD zone, at least as a medium-term target.