Solana Price Rises: What’s Driving SOL’s Gains Today?

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Solana's rise today comes on the heels of declining Bitcoin market dominance and other supportive technical setups.

Solana price is up today, matching the upside moves elsewhere in the altcoin market as Bitcoin price stagnates near $94,000.

SOL price up as Bitcoin dominance drops sharply

SOL’s price rose 6.35% in the past 24 hours to reach around $193.20. The gains coincided with Bitcoin’s crypto market dominance (BTC.D) recording its worst daily performance since January after falling 1.84% on Dec. 23.

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