Solana (SOL) has recently experienced a recovery and may be gearing up for another price rally. Despite being in a consolidation phase, the recent increase in price suggests a more sustained rally. Key indicators and metrics have turned bullish, boosting trader confidence.

The trading volume of SOL has surged by 98.87% in the last 24 hours, reaching $6.75 billion. This significant increase in trading activity indicates positive sentiment among traders and their growing bullishness towards the coin.

The influx of volume for Solana is seen across various top cryptocurrency exchanges, with Binance leading the way with $2.62 billion in volume. Other exchanges like Bybit, OKX, BingX, and Bitget also show considerable trading volume. These figures reflect the growing confidence in SOL and the expectation of more gains.

At present, SOL is trading at $144.09, showing a slight decrease of 0.74% in the last 24 hours. However, over the past seven days, the coin has rallied by 10.03%, surging from $127.46 to a high of $149.91.

Although the price has corrected to $144.09 after facing resistance at $150, SOL has demonstrated strong performance in recent days. With the surge in trading volume and increasing investor confidence, it is likely that Solana will aim for the next target and potentially surpass the next resistance level.



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