🚀 Solana (SOL) Market Update – May 11, 2025

Solana (SOL) is currently trading at $171.55, with a 24-hour trading volume of approximately $4.57 billion. The price has seen a slight decrease of 0.42% in the last 24 hours.

Key Highlights:

Price Momentum: SOL has surged past $175, with bulls targeting a breakout at the $180 level. Analysts note that reclaiming this level could signal a bullish trend.

Technical Outlook: A bullish pennant breakout suggests potential for SOL to reach $212, supported by strong technical setups and global liquidity.

Meme Coin Resurgence: Viral Solana-based meme coins like Moo Deng, GOAT, and Peanut the Squirrel are experiencing significant gains as the market rebounds.

DeFi Growth: Solana's decentralized finance (DeFi) ecosystem continues to expand, with increased activity and innovation. $SOL