Solana's Surge: What’s Driving It?

Solana has been making waves in the crypto market with a strong surge, gaining nearly 20% in the past week. This rally is fueled by institutional investments, including a $10.5 million acquisition by DefiDevCorp and Canada launching the first Solana ETF. Additionally, over $120 million in liquidity has flowed into Solana from other blockchains, signaling renewed confidence in its ecosystem.

Despite this bullish momentum, technical hurdles remain. Solana needs to break above $147 to confirm a trend faces resistance around $140. If institutional inflows continue, Solana could maintain its upward trajectory, but traders should watch for potential corrections.