#TradingStrategyMistakes Solana's current price is $158.03, with a market capitalization of $83 billion. Recent developments include¹ ² ³:

- *ZK Compression Update*: Solana's new update reduces developer costs by 1000x, leveraging zero-knowledge proofs to compress data and enhance scalability.

- *Institutional Interest*: BIT Mining is investing $300 million in Solana, while Nasdaq-listed firm DeFi Development Corp added 17,760 SOL to its portfolio.

- *Price Prediction*: Analysts forecast Solana could reach $600 in the upcoming crypto surge, driven by increasing on-chain activity and strong demand for SOL tokens.

- *Resistance Level*: SOL faces resistance at $200, with potential support at $180.