Solana Price Recovery: Bulls Eye Double-Top Resistance

After a period of market weakness, Solana's price has shown signs of recovery, with bulls attempting to overcome double-top resistance near the $100 level. The rebound is attributed to improved risk appetite in the crypto market and strengthened institutional activity surrounding Solana.

The recent filing by Morgan Stanley for a Solana ETF product with staking support under the 'MSOLsec' ticker has added to growing expectations that regulated $SOL investment vehicles could eventually mirror the success of spot Bitcoin and Ethereum products. This development, combined with expanding enterprise adoption and increasing DePIN revenues, continues to give bulls a credible case for another breakout attempt.

Analysts tracking on-chain liquidity argue that a sustained TVL recovery would likely strengthen spot demand for $SOL tokens while reinforcing confidence in Solana's decentralized finance ecosystem. Historically, periods of expanding TVL have coincided with stronger medium-term price performance for $SOL.