**Solana (SOL) Price Rises Backed by Meme Coin Recovery and Crypto Market Dominance**
Solana (SOL) has experienced a significant surge in its price, climbing by nearly **24%** amidst the recent excitement surrounding meme coins. It is currently trading at **$180.72**. This increase in value can be attributed to the explosive rise of meme coin enthusiasm, particularly fueled by **Dogewhatif (WIF)**⁹.
## **Market Dominance and Total Value Locked (TVL)**
- Solana's **market dominance index (SOL.D)** has expanded by **3.95%** on April 3, indicating positive capital flow into Solana.
- Solana's **total value locked (TVL)** has risen by **70%** throughout 2024, reaching **23.78 million SOL** on April 3⁵.
## **Institutional Investment and Technical Analysis**
- Institutional investors have injected nearly **$25 million** into SOL-based investment funds in March.
- From a technical analysis perspective, SOL's current gain comes after a bounce back from an **ascending triangle pattern's lower trendline**, promising a potential leap to upper levels around **$205** in the coming days.
Sources: Cryptopolitan ,cointelegraph
THIS content is not for financial Advice ,for investment DYOR .
