Solana ($SOL) is showing strong performance in the crypto market again. This surge is driven by increasing ecosystem activity, DeFi adoption, and the growth of memecoins on the Solana network, which has triggered high transaction volumes. The cheap and stable transaction speed has led many new projects to migrate to Solana, thus increasing the demand for SOL. Additionally, positive investor sentiment and institutional fund flows have pushed the price of SOL past important resistance levels and shown a bullish trend in the short term.
