Solana posted an 8% increase over 24 hours, briefly surpassing the $105 threshold, its highest level since early February. The token currently trades around $104, representing a 42% monthly gain. Several factors support this momentum: the broader market resurgence driven by US monetary policy changes, growing institutional interest with spot SOL ETFs recording seven consecutive green days, and the return of major players including a trader who purchased nearly 96,000 SOL for approximately $10 million. However, some analysts remain cautious and anticipate a potential decline to $70, a view supported by substantial net inflows to exchanges, indicating immediate selling pressure.
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