Solana (SOL) has seen a significant price surge, reaching a new all-time high and demonstrating increased demand for its ecosystem. This growth has been driven by the popularity of the OFFICIAL TRUMP (TRUMP) token, which has increased activity on the Solana blockchain. The growing adoption of the Solana blockchain is evident, with active addresses per hour currently 26 times higher than Ethereum. The launch and rising demand for the TRUMP token have further strengthened Solana's ecosystem. Despite crossing the Market Value to Realized Value (MVRV) Ratio threshold, SOL has avoided significant retracements, stabilizing its price and setting the stage for a potential continuation of its rally. Solana is trading at $253 and faces a hurdle of flipping the $270 resistance level into a support floor. If this is achieved, SOL could surpass its previous all-time high and aim for $300. However, a failure to breach the $270 resistance could lead to a pullback, potentially invalidating the bullish outlook. Sustained buying pressure is crucial for maintaining upward momentum.



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