Solana has taken center stage as one of the biggest gainers in the cryptocurrency market today. The bullish sentiment around SOL is not a result of a single factor, but rather a combination of factors. First, the launch of Solana’s mobile Seeker device has boosted user interest in Web3 hardware. Adding fuel to the fire, Bybit CEO Ben Zhou announced Byreal, the first on-chain DEX built on Solana, scheduled to go live in late June.   Meanwhile, institutional investor confidence is growing as Fidelity filed for a Solana spot ETF with the SEC, and Invesco-Galaxy followed suit through Delaware Trust. On a positive note, Solana’s network activity has also doubled over Ethereum’s at 45.77 million, indicating increasing developer and user activity. If you, like me, are interested in short-term price analysis of SOL, this post is a must-read for you. Solana (SOL) Price Analysis:  Solana is trading at $157.18 today after fluctuating between $144.36 and $157.13. Its market cap is now stable at $82.67 billion with a 24-hour trading volume of up to $4.48 billion, a gain of 113.19%. From the daily chart, SOL price is rebounding from the lower Bollinger Band at around $141.60 and is currently trading above the 20-day moving average at $155.61, which suggests a short-term bullish reversal. The upper Bollinger Band is currently around $169.61, which I believe will serve as the next resistance zone if the bullish momentum continues. Subsequently, the Relative Strength Index (RSI) is at 49.91, recovering from the oversold region and breaking above the 43.51 moving average. A decisive break above the upper Bollinger Band and $170 could open the door to a short-term rally to $185-190. However, a failure to hold above $155 could lead to a pullback to the $144-141 support level.