Solana Sees Bullish Sentiment Surge Amid Market Recovery

Solana (SOL) is experiencing a bullish recovery, rising 14% from the $121 support level. Key points include:

  • SOL surpassed the $145 barrier after five consecutive daily gains.
  • Social sentiment for Solana surged to historic highs, supported by institutional interest and community engagement.
  • The positive-to-negative commentary ratio is currently 18:1 on social media.
  • Recent price drop was over 50% from January's all-time high of $200, reaching a low of $111 earlier this month.
  • Recovery above the $136 resistance level has been noted, with potential breakout targets at $180 and beyond.

Currently, SOL trades at approximately $138, reflecting a 2% increase in the past week.