Solana Rebounds, Reclaiming Key Resistance Level Amid Renewed Institutional Interest

Solana (SOL) has made a strong comeback in a shifting crypto landscape. After dipping to a low of $145.66, SOL rebounded to reclaim its key resistance level of $150, trading at $150.03 with a 0.98% increase in the last 24 hours. Over the past seven days, SOL surged by 14.09%, climbing from $133.66 to its current level. Renowned traders, including DonAlt and Peter Brandt, have voiced optimism about SOL’s potential, with projections hinting at a possible rise to $200 and even outperformance against Ethereum. The asset is also attracting significant institutional attention, evidenced by its high number of ETF filings with the SEC and upcoming regulatory review for institution-focused products. This blend of technical recovery, bullish trader sentiment, and growing institutional interest underlies a positive outlook for SOL as market participants keep a close eye on its evolving trajectory.