Why is Solana (SOL) price up today?

Solana is up today as a combination of fundamental and technical factors paint a bullish outlook for SOL price.

Solana (SOL) price is up today, buoyed by a significant recovery in the broader cryptocurrency market. SOL’s rebound came as President Trump announced that Solana would be included in the Strategic Crypto Reserve.

Data from Cointelegraph Markets Pro and TradingView shows SOL’s price is trading at around $162, up more than 15% in the last 24 hours and 28% from its local low of around $125 on Feb. 28.

SOL/USD daily chart. Source: Cointelegraph/TradingView

Read more