Despite the overall market decline, Solana’s SOL experiences a significant 10% increase.

The announcement of Zeus Network’s ZPL contributes to positive investor sentiment within the Solana ecosystem.

In the midst of Bitcoin's drop to a two-month low of $56,592, Solana's native token SOL showcases a notable 10% surge in the last 24 hours, resulting in a recovery from $121.50 to $135.11. This upward trend highlights Solana's resilience during a challenging period for the cryptocurrency sector.

Despite facing a 27% downturn over a tough month, SOL's daily Relative Strength Index (RSI) is currently at a promising 54, indicating favorable momentum. The 2% rise in trading volume further demonstrates growing investor interest in Solana.

The recent announcement by Zeus Network about the upcoming Zeus Program Library (ZPL) in the third quarter of 2024 has spurred positive sentiment. This initiative aims to bridge the Solana and Bitcoin ecosystems, enabling easy integration for developers seeking to incorporate Solana support into decentralized applications (dApps). The introduction of ZPL-Assets, whether fungible or non-fungible, paves the way for a variety of digital engagements across DeFi, GameFi, and social finance sectors.

Analysts predict that should the bullish trend continue, SOL could hit $159, with a potential target line at $199.22, while a bearish scenario might lead to a decline to $126.