Ethereum

Solana

Bitcoin

Rise

<ul> 
 <li>Despite a major network outage, Solana (SOL) surged by 6.56% in the last 24 hours, trading at $101.</li> 
 <li>Solana’s DEX ranked second after Ethereum, with a TVL of $1.74B and $6.25M in trading volume.</li> 
</ul> 
Solana (SOL) bounces back with resilience following a temporary network outage on February 6th, reassuring investors as the cryptocurrency gains 6.56% in the past 24 hours, trading at $101 with a market cap of $44.3 billion. Additionally, the daily trading volume for SOL surged over 17% to reach $1.95 billion. 
Despite concerns sparked by the <a href="https://thenewscrypto.com/solana-network-restored-after-five-hour-outage-post-validator-restart/" target="_blank" rel="noreferrer noopener">outage</a>, which lasted around 5 hours, SOL traders remain undeterred, driving the altcoin’s price above $102, outperforming Bitcoin for the week. Will Solana maintain its current trend? 
<h2 class="wp-block-heading" id="h-solana-sol-is-on-the-rise">Solana (SOL) is on the Rise</h2> 
In recent months, Solana has experienced significant growth, attracting $13.4 million in inflows into SOL investment products, <a href="https://thenewscrypto.com/solana-sol-positioned-for-significant-surge-above-115-analyst/" target="_blank" rel="noreferrer noopener">surpassing</a> Ethereum and Avalanche. Last week also saw a notable influx of $707.8 million into crypto products, elevating the global assets under management to $53 billion. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="386" src="https://thenewscrypto.com/wp-content/uploads/2024/02/image-25-1024x386.png" alt="" class="wp-image-91157" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/image-25-1024x386.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-25-300x113.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-25-768x290.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-25.png 1264w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Solana (SOL) TVL (Source: <a href="https://defillama.com/chain/Solana?volume=true" target="_blank" rel="noreferrer noopener nofollow">DefiLlama</a>)
 </figcaption>
 </figure>
</div> 
Further, Solana’s decentralized exchange volume maintains its prominence, ranking second to Ethereum with $7.31.53 million in volume and a Total Value Lock (TVL) of $1.74 billion as of February 8th, according to data from DefiLlama. 
Looking ahead, if the current <a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">upward trend</a> persists, SOL could encounter resistance at $121.14, potentially triggering a rally toward $155.36 and even $187.76. Conversely, a reversal in the trend could see SOL testing support levels at $81.14 and potentially declining further towards $47.79. 
Moreover, the global cryptocurrency market reflects positivity, with the total market cap climbing 3.42% to $1.7 trillion.

Solana (SOL) Surges to $102, Outperforming BTC Despite Outage

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