Solana Rally Continues Amid Institutional Demand

Solana ($SOL) has been one of the strongest performers in the top five cryptocurrencies, surging around 10% over the past week.

This uptrend comes after Solana broke out of a bullish flag pattern and reached its short-term target of $120. However, profit-taking led to a pullback from this resistance area.

Despite the decline, improving institutional flows, rising network fees, and increasing futures-market participation indicate that Solana's broader recovery remains intact.

The token may face support near $113, with a stronger support zone between $107 and $110. A decisive bounce from this region could preserve Solana's bullish market structure and create a potential base for another advance.