Analyst: SOL breaks through the $200 mark, indicating a rebound in investor confidence and increased market liquidity

According to BlockBeats, on July 22nd, according to The Block, Solana rose 12.26% in the past 24 hours to $203.5, reaching its highest level since February 5th. Vincent Liu, Chief Investment Officer of Kronos Research, stated that "the K-line breaking through $200 is an important psychological and technical barrier for Solana, indicating a rebound in investor confidence and increased market liquidity. Breakthroughs at this critical position often attract more buying, laying the foundation for subsequent upward momentum. '' Analysts point out that there are multiple factors behind Solana's recent rise. LVRG Research Director Nick Ruck mentioned Jito's Block Assembly Marketplace (BAM), a new block building architecture that plans to reshape the way blocks are built on the Solana network, greatly improving the efficiency of Solana network transactions while enhancing privacy and flexibility. Vincent Liu stated that Solana's recent rise also benefited from DeFi Development Corp (DFDV) announcing yesterday that it has completed $19 million in funding and purchased 141383 SOLs, increasing its Solana treasury to 999999 SOLs. The optimistic expectation in the market that Solana ETF may be launched in October this year is constantly heating up. Nassar Al Achkar, Chief Strategy Officer of CoinW trading platform, said, "Ethereum and other altcoins have started a new round of upward trend relative to Bitcoin, and the recent rebound has caused multiple mainstream altcoins to reach highs since last year. Due to institutions adopting new reserve strategies and concerns about missing out on the ETH market like Bitcoin's surge to $120000, there is still room for the Ethereum BTC exchange rate to rise