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Crypto

Solana Price Surges Past Key Resistance as Investors Flock to ETFs and Staking

Guavy AI Editorial Team
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SOL
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Solana's price has broken out above a key resistance level, reaching $111.78 and marking its highest level since January.

The token's rally is driven by improving fundamentals, including a major upgrade that reduced slot time from 300 milliseconds to 250, a 17% boost.

Solana's decentralized exchanges handled over $47 billion in trading volume this month, and the stablecoin supply has climbed above $15 billion.

Investors are piling into Solana tokens through ETFs and staking pools, with spot Solana ETFs seeing over $28 million in inflows this month and a total of 439 million SOL tokens worth $49 billion being staked.

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