“We believe that this could be the beginning of a bull market for Solana,” concluded FX Empire analysts after the token surged 44% in the past thirty days and successfully defended the psychological $100 level. Furthermore, inflows into Solana ETFs have continued for ten consecutive weeks, reaching $193 million over the past month.

As experts note, key on-chain metrics also confirm the network’s recovery: weekly app fees surged to $91 million, while DEX volumes reached a two-month high of $18 billion. A similar level of activity was recorded in January this year, when SOL was trading around $140. If bulls hold the $100 level and break past the nearest resistance at $108, the token could quickly reach the $120 mark.