Solana has surged 16.37% over the past week, reaching $214, driven by growing institutional interest. The cryptocurrency's recent performance marks the highest gain among top digital assets, with a 3.53% rise in the last 24 hours. Analysts note resistance levels at $244 and $273, with a potential target of $300. Institutional players, including Galaxy Digital, Multicoin Capital, and Jump Crypto, are reportedly planning to raise $1 billion to invest in Solana, which could further strengthen its market position. The token's momentum was initially sparked by a bullish golden cross in early August, despite a mid-month setback.