Solana's price has increased significantly, trading at around $134, buoyed by a recovery in the broader cryptocurrency market and a notable rise in SOL's momentum. The surge follows the launch of the first Solana futures ETFs by Volatility Shares, which is expected to enhance institutional interest and access for traditional investors. About $18 million in short positions were liquidated in the last 24 hours, further pushing up SOL’s price. Additionally, SOL's technical indicators suggest a bullish stance, with new support levels established around $110 and $125. Analysts predict potential further gains, citing a target of $220 if key resistance levels are broken. Recent funding rates have turned positive, indicating increased demand for long positions, which adds to the optimistic outlook for Solana. Overall, analysts are seeing renewed interest in Solana, with expectations for further upward movement driven by institutional investments and positive market developments.

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