Solana’s 3% Surge: Is This the Start of a Crypto Bull Run?

Solana (SOL) climbed 3% in 24 hours, reaching $170 on May 20, 2025, as renewed investor interest and network developments spark optimism. The rally follows a major consensus protocol upgrade by Anza, a Solana-focused firm, enhancing transaction efficiency. Solana’s decentralized finance (DeFi) ecosystem is also booming, with total value locked (TVL) rising from $7 billion to over $10 billion since April, driven by platforms like Raydium. This suggests growing user activity, boosting SOL’s appeal. Technical indicators, like the Relative Strength Index (RSI) at 54, show room for upward movement, with analysts eyeing $184-$200 if support above $165 holds. However, a drop below $160 could trigger a pullback to $142. For new investors, Solana’s fast transactions and DeFi growth make it a compelling choice, but market volatility and regulatory delays, like the postponed Solana ETF, warrant caution. Keep an eye on Bitcoin’s trajectory, as it often influences altcoins like SOL.