SOL Soars Over 13% in a Day Amid Robinhood’s Staking Report

• Solana token surpasses key resistance, now at $162.97.
• Robinhood’s EU staking introduction boosts SOL prices
• SOL’s technical indicators signal bullish trend amid potential correction

Solana, a smart contract network, has emerged as one of the year’s most formidable assets, with its valuation persistently thriving within the green spectrum thriving over the past 30 days. This bullish momentum is evident in the daily chart as the SOL token experiences a price appreciation exceeding 13% compared to the previous day, stabilizing at $162.97.

SOL/USD/BTC 24-Hour Chart (Source: CoinStats)

When compared to principal cryptocurrencies such as Bitcoin and Ethereum, SOL has demonstrated superior appreciation, rising by 6.54% against Bitcoin during the same timeframe. This favorable trend has propelled Solana to ascend to the fifth position in the cryptocurrency market capitalization rankings.

As of today, its market cap has surged by 13.26%, culminating at $73,061,205,121. Solana’s trading volume further mirrors renewed investor enthusiasm, showcasing a remarkable increase of 69.27% in the past 24 hours, aggregating to $4,202,415,934.

This upsurge denotes in…

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