Solana's price is experiencing a recovery, correlating with broader crypto market gains, particularly as Bitcoin trades above $105,000. SOL’s price increased over 9% in 24 hours and 35% over the last week, attributed partly to a surge in network activity following interests in memecoins on the platform. Daily transactions rose significantly, suggesting heightened adoption and utility. Additionally, speculation surrounding a potential spot Solana ETF approval is driving optimism, with predictions of capital inflows that could boost SOL’s price toward $500-$750. Analysts express bullish sentiments, forecasting further price increases, with technical patterns indicating additional gains. Some predict targets above $500 based on ongoing market momentum and institutional investments. The relative strength index shows room for more upside, reflecting a strong market position for future growth.

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