Solana (SOL) experienced a notable rise of 7.68% within one day, reaching a price of 208.24 USD, while the broader crypto market saw an increase of only 2.89%.
Scott Melker and Lark Davis highlight Solana as a key opportunity for traders. Melker sees potential for a breakout against Bitcoin, while Davis emphasizes growing institutional interest and potential SEC approvals for SOL-related products.
Over 820 million USD in SOL is held in corporate treasury accounts, reflecting increasing institutional interest. Analysts have cautioned against chasing the current rally and suggest profit-taking between the price levels of 205 USD and 215 USD.
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