SOL Surges 9.5% as Bullish Breakout Drives Volume to $8.3B and TVL Hits $8B

Solana (SOL) has experienced a strong upward movement over the past 24 hours, with its price rising approximately 9.5% to trade in the range of $163.54 to $169.46 against Tether (USDT). Trading activity has been robust, supported by a 24-hour volume between $4.1 billion and $8.3 billion, and the total value locked on the Solana network has reached $8.0 billion.

The recent price surge is attributed to a significant bullish breakout above the $149–$150 resistance zone, which triggered increased buying interest and higher trading volumes. Technical indicators confirmed strong buyer momentum, with traders targeting subsequent resistance levels at $157 and $161. Market sentiment remains positive, driven by expectations around potential Solana-based ETF developments, broader regulatory trends, and ongoing institutional adoption. Over the past week, SOL has gained about 9.4%, and over the past month, it has risen by approximately 51%, reflecting both heightened investor interest and favorable macroeconomic conditions.