Solana Leads Crypto Rebound with 7% Surge Amid Record Activity

Solana is spearheading the crypto rebound, driven by surging user activity and on-chain engagement. The token has rallied nearly 7% over the past 24 hours, fueled by record transaction throughput and a spike in daily active addresses, according to on-chain data. Bulls are driving SOL toward $160 despite broader market jitters, with accumulation visible on key pullbacks, as noted by CoinDesk Research's technical analysis data model. Technical analysis indicates a constructive structure supported by healthy volume and higher lows. Analysts suggest the breakout remains valid if prices hold above recent support levels. A potential upside target of $165 emerges if momentum persists.