Solana's price is experiencing a notable increase today, with SOL rising over 6% to $230, thanks to a broader recovery in the cryptocurrency market, particularly following Bitcoin's rise above $100,000. This marks a recovery from its losses on December 11. SOL has surged 45% since November 5 and is up 121% year-to-date, with a market cap of $109.25 billion, positioning it as the fifth-largest cryptocurrency. Key factors contributing to SOL's price rise include the integration of ZK-rollups, enhancing privacy and computational capabilities, and a significant increase in network activity, as indicated by the total value locked (TVL) on the Solana network, which jumped from $5.6 billion to $9.5 billion in just over a month. Additionally, Solana's strong price supports at the $200 level and the 50-day EMA at $213 suggest increased buyer activity. However, resistance exists between $230 and $242, indicating that overcoming this zone is crucial for sustained recovery.

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