Price Analysis: Solana Reclaiming $200 Will Lead to New Highs

Many crypto assets recovered Tuesday following weeks of selling pressure. The surge included top-performing cryptocurrency Solana, which rose almost 10% in 24 hours. Investors are hopeful that the market is becoming positive due to this rising momentum.

Jelle, a top analyst, provided a technical analysis on X for Solana's recent price behavior. According to Jelle, Solana must reach $210 next.

Solana's technical structure makes it a frontrunner in the market's rebound, attracting attention. Investors watch price activity to determine whether it can retain momentum.

Strong Solana

Solana has held over $180 despite market volatility. Solana's power is shown by this price point's move from resistance to support. As the crypto market shows indications of hope, Solana may rise significantly.

Leading analyst Jelle recently highlighted Solana's rebound from crucial levels in his technical analysis on X. Jelle says SOL retested its trendline and horizontal support before recovering rapidly.


Tech setup signals asset is ready for a bigger breakout. The next significant resistance zone is $210. If Solana reclaims and consolidates above this level, fresh all-time highs are expected.

Many experts and investors following Solana's price behavior share this strong perspective. Many expect SOL to quickly exceed its prior highs after clearing $210.

Solana's solid fundamentals and recent price success have helped it stand out in the market rebound. Solana might lead the next bullish wave and smash its all-time high in record quickly if momentum continues.

Key Levels of Technical Analysis

After rebounding from the 200-day EMA at $175 on December 23, Solana (SOL) is trading above $207, demonstrating exceptional resilience. Holding the 200-day EMA reaffirmed a bullish price structure, allowing buyers to reclaim control after weeks of market uncertainty. Solana is one of the most potential assets for a breakthrough after defending this important level.


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