Solana (#SOL) shows confident growth this week, trading around $117–$119 and gaining about 5% over the past day. The token has reached its highest level in recent months. This momentum is driven by several key factors: Large purchases: Institutional interest is increasing. DeFi Development Corp. (DFDV) announced that over one week it added 101,381 SOL to its reserves, increasing its treasury to 2.49 million coins. Bullish pattern: Legendary trader Peter Brandt noted on Solana’s weekly chart a five-year pattern “cup with handle.” In his assessment, if the coin breaks through key resistance at $240 decisively, it could pave the way for potential gains of more than 100%. Short liquidation: A sharp jump in price above $112 triggered the forced closing (liquidations) of bearish short positions totaling more than $30 million, which further pushed up the quotes.

Disclaimer: Not financial advice. Do your own research (DYOR). The cryptocurrency market is volatile—invest only what you can afford to lose.

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