Price fluctuates near 236.39 USD: Solana is currently trading around 236.39 USD, showing indecisiveness in its price action. The crypto asset is confined within a narrow range, defined by resistance at 246.98 USD and support around 222.14 USD. A breakout may influence further directional moves.

83% long positions signal confidence: The surge to 83% of accounts holding long positions on Solana suggests significant market confidence. However, this level of long interest could also lead to heightened volatility and potential pullbacks if the market sentiment suddenly changes.

Zk technology boosts Solana’s potential: Solana’s advancements in ZERO-knowledge technology mark notable improvements in blockchain efficiency. Projects like ArciumHQ and Bonsol are leading efforts in integrating verifiable computations, enhancing security and privacy, notably in DeFi trading and AI applications.