Solana (SOL) has surged as crypto assets began the week with gains, pushing the total market cap to $2.31 trillion, a 2.33% increase in 24 hours. SOL leads weekly gains among top 10 assets, rallying after two ETF applications.
At $148.15, up 3.78% in 24 hours, Solana’s market cap has risen above $68.5 billion with daily trading volumes jumping 45.8% to $1.89 billion. Despite monthly figures being in the red, Solana has gained over 16% weekly.
Historical data suggests an upward trend, though SOL faces resistance levels. Spot Solana ETFs are a key driver, with past ETF approvals boosting the market, notably Bitcoin’s all-time high post-approval.
Solana’s potential climb hinges on sustained institutional inflows, highlighting its strategic importance in the crypto market.
