SOL Surges Past $170 With 5% Gain as Trading Volume Hits $6.97 Billion Amid Bullish Breakout

Solana (SOL/USDT) experienced strong upward momentum in the past 24 hours, with the price rising between 3.5% and 5.3% to around $171.37–$172.26 USDT. Trading activity remained robust, with daily volumes between $5.43 billion and $6.97 billion USD, and the market capitalization ranging from $76.17 billion to $89.10 billion USD, maintaining Solana’s position as a leading cryptocurrency.

The recent price increase can be attributed to a bullish breakout above the key resistance zone near $149–$150, supported by rising trading volumes and positive market sentiment. This rally followed a period of volatility where SOL briefly dropped to $147.35 before recovering sharply. The significant global liquidations, totaling $25.86 million, and the activity of leveraged traders contributed to the volatility and subsequent upward pressure on the price. Over the past week and month, Solana has shown notable gains of 14.61% and 64.03% respectively, reflecting sustained investor interest and momentum in the broader market.