SOL Token Surges 9.58% Amid Geopolitical Volatility, Trading Volume Hits $5.82 Billion on Binance

Solana (SOLUSDT) experienced a notable price increase of 9.58% over the past 24 hours, rising from an open of $131.98 to $144.63 on Binance, with this upward movement primarily attributed to a rebound from recent lows and renewed buyer interest following heightened volatility in the broader cryptocurrency market. The volatility was driven by increased geopolitical tensions, such as Iran's closure of the Strait of Hormuz and U.S. airstrikes, which led to elevated liquidation volumes in SOLUSDT futures and contributed to a sharp price swing. Despite a 20% decline from its monthly high, Solana’s network fundamentals remain strong with robust transaction throughput and trading activity, as evidenced by a 24-hour trading volume of $5.82 billion and a market cap of $74.89 billion. The asset is currently trading above key support levels, with resistance observed around $151, and remains in a consolidation phase with potential for further momentum shifts if market sentiment stabilizes.