Solana (SOL)
After a quick drop to $175 in late December 2024, Solana buyers returned and they managed to push its price above $200 this week. While it is still early to call it, the price is currently testing the $206 level as a key support. If it holds, SOL has the path open to higher price levels.
The next major resistance levels will be found at $240 and $260. In the past, SOL failed to hold around these price levels and sellers quickly returned there. A decisive breakout above $260 is needed if this cryptocurrency is to make new price records.
Looking ahead, Solana’s correction appears over and buyers are returning. However, their conviction will soon be put to the test if the price approaches $240.
