Solana (SOL) Suddenly Violent! The Golden Age of SOL Will Return?

<p>&nbsp;Solana (SOL), has recently seen a huge price increase, surpassing $30 this past weekend. Currently, Solana is trading at $29.76 with a market value of $12.428 billion.</p><p><br /></p><p>Over the course of the past week, the price of Solana has recorded an increase that surprised the 'traders' by 32%. At the same time, Solana's investment products experienced net inflows of $15.5 million. With this, the total inflow for Solana in 2023 has increased to $74 million, which represents 47% of the total, based on data from CoinShares.</p><p><br /></p><p>Solana's price surge also received strong support from Bitcoin, which also rose to $31,000 on Sunday, October 22. Bitcoin investment products also received net inflows during the past week.</p><p><br /></p><p><br /></p><p>While Solana recorded net inflows, Ethereum recorded outflows of $7.4 million over the past week.</p><p><br /></p><p>One of the most convincing indicators of Solana's potential to be the top performing altcoin of 2023 is its recent performance. In the past 10 months, SOL has gone from $10 to $30, marking a significant gain. Over the past week, it has registered a solid increase of 41%, with a 60% increase in the last month and a 41% increase in the last six months.</p><p><br /></p><p>After being stuck below the $25 resistance level for almost a year, SOL finally managed to break through that level. In order to sustain this current recovery, Solana needs to close above a significant resistance level around the $35 price level.</p>