Solana price has rallied for two straight weeks and is now hovering at its highest level since February, and technicals suggest that the rally is just getting started.
Solana (SOL) rose to $177 on Monday, up by 85% from its lowest level in April, giving it a market cap of over $90 billion.
The surge has coincided with ongoing gains in the crypto and stock markets. Most importantly, it happened as most Solana meme coins jumped, bringing their market cap from $6 billion in April to $15 billion today.
Some of the top-gaining Solana meme coins have been Dogwifhat (WIF), Popcat (POPCAT), Peanut the Squirrel (PNUT), and Gigachad (GIGA).
This growth has triggered more inflows in decentralized finance protocols in the Solana ecosystem, bringing the total value locked to almost $10 billion.
It has also led to further stablecoin growth on the network, with total funds rising to nearly $14 billion….
