Why is Solana (SOL) price up today?

SOL price is up today as a combination of fundamental and technical factors paint a bullish outlook as the first Solana futures ETFs are set to launch today.

Solana (SOL) price is up today, buoyed by a significant recovery in the broader cryptocurrency market.

Data from Cointelegraph Markets Pro and TradingView shows SOL’s price is trading at around $134, up more than 6% in the last 24 hours. Solana price has rebounded roughly 20% from its local low of around $112 reached on March 11.

SOL/USD daily chart. Source: Cointelegraph/TradingView

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