Solana (SOL) is trading around $157.67, with modest intraday movement between $150.57 and $159.15. Over the past 24 hours, SOL climbed approximately 2.5–4% alongside other major cryptocurrencies. Indicators suggest strong institutional demand: on-chain metrics like active wallets and transaction volume have surged, supported by rising network activity and increased staking interest. Solana recently generated a hefty $271 million in Q2 network revenue—solidifying its position ahead of Ethereum and Tron. Ecosystem upgrades are advancing, including Bullish migrating its settlement infrastructure to Solana-native stablecoins. Technical analysis points to a symmetrical wedge pattern near the $154–157 zone, hinting at a potential breakout into the $165–175 range if momentum holds. Solana remains in a bullish stance, powered by institutional adoption and network strength.
