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February 26, 2025 | 3:20 PM UTC
Solana (SOL-USD) is up 2.81% over the past 24 hours, trading at $139.54. The high-performance blockchain platform has experienced a daily range between $135.04 and $144.87, indicating strong buying interest despite recent market fluctuations.
- Previous Close: $144.13
- 24-Hour Trading Volume: $4.57 billion
- Market Cap: $69.53 billion
- Circulating Supply: 498.29 million SOL
- 52-Week Range: $107.46 – $294.33
Why is Solana Up?
- Market Recovery – The broader crypto market is stabilizing after recent corrections, with Solana following the trend.
- DeFi & NFT Growth – Solana’s ecosystem continues to expand, with increased adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs).
- Institutional Interest – Large investors are accumulating SOL, suggesting confidence in the network’s long-term potential.
Broader Market Trends
- Bitcoin (BTC) is up 0.56%, while Ethereum (ETH) has surged 3.19%, reflecting improving sentiment across crypto markets.
- Solana is still down significantly from its 52-week high of $294.33, highlighting potential for future gains.
- Macroeconomic factors like U.S. monetary policy and regulatory uncertainty continue to influence investor behavior.
If SOL breaks past $145 resistance, it could push toward $160 in the near term. However, if it falls below $135, a retest of $130 support is possible.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile—conduct thorough research before making investment decisions.