#Solana (SOL) is showing notable strength while the broader crypto market faces some selling pressure.

SOL is currently around $104 and has gained about 11% over the past seven days.

The token recently reached above $105, marking a new seven-month high.

One major catalyst is the passage of Solana’s SGP-0002 proposal, which accelerates the reduction in SOL’s annual issuance.

Spot Solana ETFs have also recorded strong investor demand, with around $138 million of inflows reported over 10 days.

This combination of improving supply dynamics and institutional demand is keeping SOL firmly on traders’ watchlists.

However, technical indicators are showing some overbought conditions, so short-term volatility remains possible.

If buyers continue defending the recent breakout area, SOL could attempt another move toward its recent highs.

For now, SOL is behaving stronger than many other altcoins.

📊 Key point: Watch price action and volume around the recent high before chasing the move.

#solana L #Solana #Crypto #Alt coins #BinanceSquar e