Overview

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Solana ($SOL) breaks out of an ascending triangle, indicating strong upward momentum. The Alpenglow update aims to boost speed but doesn’t fully solve network stability issues. Analysts The recent SOL surge, triggered by increased transaction volume, has generated a confluence of significant breakouts, leading to a rise in bullish sentiment among Solana (SOL) could soar by 22% to reach its all-time high if it hold itself above $210. Despite the price witnessing upside momentum, exchanges witnessed an outflow of Since Donald Trump’s victory in the US presidential election, assets like Solana (SOL) have seen significant swings. Recently, SOL, which was 40% away from its all-time high, now needs just In 2025, the SOL price increased by 210% in 133 days once the RSI exceeded 70 (white). A similar increase would take the SOL price above $1,000. Let’s look at Solana (SOL) exhibits strong bullish reversal, climbing 6.3% from $159.69 to $173.03 with significant trading volume around the $167-$170 zone, according to CoinDesk Solana extended recent gains on Wednesday, as the token rose by as much as 15% in today’s session. The move saw prices hit their highest point since mid-December

SOL Rises Another 15% for Increase in Sixth Straight Session: What's Fueling the Solana Surge?

Solana ($SOL) is on a tear! Today, Solana extended recent gains, rising by as much as 15% in today’s session, hitting its highest point since mid-December. This marks an impressive sixth straight session of gains for the cryptocurrency. What's driving this surge in price, and can it be sustained?

Bullish Sentiment and Technical Breakouts

The recent SOL surge has been triggered by increased transaction volume, generating a confluence of significant breakouts. Solana ($SOL) breaks out of an ascending triangle, indicating strong upward momentum. Analysts are increasingly bullish, with some predicting Solana (SOL) could soar by 22% to reach its all-time high if it holds itself above $210.

Technical Analysis Points to Further Upside

Let’s look at Solana (SOL) exhibits strong bullish reversal, climbing 6.3% from $159.69 to $173.03 with significant trading volume around the $167-$170 zone, according to CoinDesk. In 2025, the SOL price increased by 210% in 133 days once the RSI exceeded 70 (white). A similar increase would potentially take the SOL price above $1,000.

External Factors and Market Dynamics

Since Donald Trump’s victory in the US presidential election, assets like Solana (SOL) have seen significant swings. Recently, SOL, which was 40% away from its all-time high, now needs just a smaller percentage to reach that milestone again. Despite the price witnessing upside momentum, exchanges witnessed an outflow of SOL, potentially indicating holders are anticipating further gains and are less willing to sell.

Alpenglow Update and Network Stability

While the Alpenglow update aims to boost speed, it doesn’t fully solve network stability issues. Investors should be aware of potential network congestion and its impact on transaction speeds and overall performance. However, the market appears to be focusing on the positive developments and the potential for future growth.

Conclusion: Is This the Start of a New Solana Rally?

The sustained rise in SOL's price, coupled with positive technical indicators and growing bullish sentiment, suggests a potential rally is underway. However, investors should remain cautious and monitor network stability and external factors that could impact the market. The coming weeks will be crucial in determining if Solana can maintain its upward trajectory and potentially reach new all-time highs.

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