• Solana has seen over 3.6 million SOL from more than 7,000 wallets staked, further boosting institutional confidence.
• SOL breaks key psychological and technical resistance, signaling renewed bullish momentum.
• Analysts highlight $220 and $250 as crucial levels for traders seeking to capitalize on the rally.

Solana (SOL) is moving in an upward direction and is experiencing a surge in its price, in line with the entire crypto market. Now, the market has turned from a bearish to a bullish phase and started its recovery. SOL’s sideways consolidation seems to be over, which may lead to a significant price surge.

At the time of writing, SOL is trading at $209.32 with a 24-hour trading volume of $10.23 billion and a market capitalization of $113.12 billion. The SOL price over the last 24 hours is up by 8.01%, and over the last week it is also up by 12.95%.

Also Read: Solana Gains Momentum After a Double Bottom Pattern Breakout

Solana (SOL) Strategies Eyes Nasdaq Uplisting With $1B Staked

A prominent crypto analyst, Cheeky Crypto, highlighted that SOL Strategies has achieved a significant milestone, with over CAD 1 billion (3.6 million SOL) delegated from over 7,000+ wallets. This comes as the company prepares for the Nasdaq uplisting; the development indicates rising institutional interest for the Solana ecosystem. 

Through a focus on validators with professional-level compliance backgrounds, SOL Strategies is bringing professional-grade infrastructure that makes crypto more mature.

This milestone suggests staking has surpassed yield, its long-term legacy, and institutional-grade infrastructure. As SOL Strategies looks ahead at public listing, the Solana network and its community are also closely monitoring, and this marks a time where decentralized finance increasingly intersects with mainstream markets.

Solana (SOL) Eyes $250 After Weeks of Sideways Trading

According to the crypto analyst, Jelle, after weeks of sideways consolidation, Solana (SOL) seems to be ready for a breakout. Traders initially noted minimal movements in the market structure, which highlights that there would soon be a change. The crypto giant seems like it is exiting its range-bound status, which means that it will soon start trending higher.

SOL has successfully reclaimed the $200 mark, which is a key psychological and technical level. This has given new hope to investors; that means the token regains momentum and power. Crossing this ceiling is a key step for establishing support for further gains.

After breaking the $200 level, Solana (SOL) has very few near-term challenges ahead of it. Analysts are aiming at $220 and $250 as the next major levels, giving traders potential milestones on the path of the current rally. As long as the present uptrend holds, the market could have very few challenges on the upside, with the door left wide open for recording further massive gains.

Also Read: Solana Rejected Again: Pantera’s $1.25B Push Could Drive $300 Rally