Why is Solana (SOL) price up today?

Solana is up today as a combination of fundamental and technical factors paints a bullish outlook for SOL price, hinting at a rally toward $200.

Solana (SOL) has seen a remarkable price surge over the last 10 days, climbing 40% from its April 7 low of $95 to around $133 on April 17. The altcoin is up 8% over the last 24 hours.

Its daily trading volume has jumped by 41% over the same period to $4.64 billion, reinforcing the intensity of the demand-side activity.

Several factors are driving the SOL price up today, including:

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