SOL Surges 2.18% as Nasdaq Proposal and ETF Hopes Ignite Institutional Interest and Trading Volume

Solana (SOL) has experienced a 2.18% price increase over the last 24 hours, rising from 160.90 to 164.41 on Binance. This upward movement is primarily attributed to renewed institutional interest following Nasdaq's proposal to include Solana in its digital asset index, which could enable the Hashdex Nasdaq Crypto ETF to track SOL. Additional momentum comes from anticipation around possible US approval of Solana-based ETFs, with major asset managers filing for such products and analysts suggesting a high likelihood of approval in July. Technical factors also support the rally, with SOL rebounding from recent support levels and approaching key resistance zones, while broader market sentiment has improved due to positive macroeconomic developments and a general uptick in altcoin activity. Currently, Solana is trading at 164.41 with strong trading volume and a bullish market sentiment, though further upside may depend on breaking above established resistance near 165.