Solana Surges to New Heights

The Solana token has surged to new heights, breaking above the $100 mark and retesting the $103.50 resistance zone.

This sharp price movement comes after a two-month period of consolidation, during which Solana broke through the critical resistance zone between $78 and $79.

The buyers have defended their breakout area, forming a base between $92 and $97 as sellers lost momentum.

With the recent trading volume records set by Bitwise's Solana Staking ETF (BSOL), it appears that investor interest in Solana is growing. The ETF saw its highest single-day trading volume of $108.65 million, surpassing previous highs.