- Solana is gaining momentum with a 20% weekly surge, eyeing a breakout toward $212.
- Strong global liquidity and bullish technical patterns are fueling investor confidence.
Solana (SOL) is gaining significant attention in the crypto sphere, surging nearly 20% over the past week and currently trading above $174. This momentum comes as global liquidity expands and technical patterns align to paint a bullish outlook, setting the stage for a potential breakout toward $212.
At the heart of this rally is the growing correlation between SOL’s price movement and global macro liquidity. Research by CryptoCurb shows that Solana tends to respond quickly to increases in the Global Macro Index’s Total Liquidity—a strong tailwind that has historically foreshadowed rallies. With Bitcoin crossing $100,000 and Ethereum reclaiming $2,500, the crypto tide is lifting Solana along with it
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Adding to the bullish case is the recent integration of Solana into the 1inch Network. This strategic move enhances Solana‘s DeFi footprint and supports cross-chain swaps across 13 networks. According to 1inch co-founder Sergej Kunz, this integration is “an important step forward” that reflects institutional confidence in Solana’s infrastructure.
On the technical side, Solana has broken out of a bullish pennant formation—an indicator of potential continuation to higher levels. Analysts now eye $212 as a logical next stop, provided SOL maintains support above $172–$175. Volume has been rising, suggesting buyers remain firmly in control.
Still, volatility looms. CoinGlass data reveals heavy liquidation activity around the $172–$174 zone, signaling a potential battleground for bulls and bears. Such clusters often act as magnets for rapid price movements.
Despite these near-term fluctuations, Solana’s resilience over the past six months—marked by consistent higher lows and strong weekly closes—underscores deep-seated investor confidence. With the broader crypto market rebounding and Solana’s fundamentals strengthening, a move to $212 is increasingly within reach.
For now, traders should monitor the $180–$185 resistance zone closely. A breakout here could unleash accelerated gains, while a rejection might signal a brief pause before the next leg up. Either way, Solana remains one of the most compelling assets in the current market landscape.