3 reasons why Solana (SOL) price rallied above $140
Portfolio Pulse from
Solana's native token SOL gained 8.5% on March 24, reclaiming $142 amid broader crypto market optimism. Key drivers include rising network activity, potential ETF approval, and increased trader interest. Despite being 52% below its all-time high, SOL shows promising signs with growing network fees and strong total value locked (TVL).
March 24, 2025 | 9:30 pm
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POSITIVE IMPACT
SOL price rallied 8.5% due to increased network activity, potential ETF approval, and growing trader interest. Network fees are rising, and top traders are taking long positions.
Multiple positive factors support SOL's price increase: network fee recovery, potential ETF approval, and increased trader interest on Binance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100