SOL Surges 3.76% as ETF Progress, Institutional Interest, and Ecosystem Growth Drive Momentum

Solana (SOL) experienced a 3.76% price increase over the past 24 hours, rising from a 24h open of $141.64 to $146.97 on Binance. This upward movement is primarily attributed to renewed institutional interest, ongoing ecosystem expansion, and positive regulatory developments, including reports of progress toward a potential spot SOL ETF approval in the U.S. Additionally, technical indicators suggest SOL may be slightly oversold, supporting the recent rebound. Despite broader market volatility following over $1.14 billion in crypto liquidations linked to geopolitical tensions in the Middle East, Solana’s robust developer activity and innovations in cross-chain interoperability have contributed to sustained investor optimism.

Currently, SOL trades at $146.97 with strong trading volume, consolidating near support levels and showing potential for further upside if resistance is broken in the coming sessions.