Why is Solana (SOL) price up today?

Solana price is up today as the wider crypto market rebounds and investors hope for a SOL ETF approval increase with the appointment of a crypto-friendly SEC chair.

Solana (SOL) price is outperforming the crypto market on April 11, up 7.45% over the last 24 hours to trade at $121.

SOL/USD daily chart. Source: Cointelegraph/TradingView

Let’s take a closer look at the factors behind Solana’s rally today.

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