The rise in Solana’s price today can be attributed to the unexpected influence of a memecoin craze combined with a technical breakout coming to fruition.
Solana’s (SOL) price has surged, buoyed by a wave of buying sentiment across the cryptocurrency market.
Notably, on March 14, SOL’s price jumped approximately 6.70% to $174, its highest level since January 2022. In doing so, the cryptocurrency fared better than the overall crypto market, which dropped 0.25% on the same day.
Following are the core reasons behind Solana’s impressive price rally on March 14.
