Solana on the rise: what is behind the +20% growth in a week?
This week, Solana (SOL) is once again in the spotlight of the crypto community: the asset's price has risen by more than 20% in just 7 days!
What caused this growth?
Key factors:
1. A record number of new projects are launching on Solana, including meme coins and DeFi applications.
2. Activation of Solana users: a 15% increase in TVL (total value locked) over the week.
3. Support from major funds: institutional investors are returning to the market.
Analysis:
From a technical perspective, SOL broke through a key resistance level at $150 and surged upwards. If the bulls maintain this zone, the next level could be $170.
However, it is important to remember: sharp increases are often accompanied by corrections. Watch for support levels around $145–$150.
Conclusion:
Solana is showing excellent recovery and growth rates, but don't forget about risk management — the crypto market is always full of surprises.
