As many assets in the cryptocurrency space continue to trade near all-time highs (ATH), Solana ( SOL ) appears to be looking to reach the same levels, especially after it broke through key resistance levels and broke out of its downtrend.

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Specifically, according to observations shared by anonymous cryptocurrency trading analyst CryptoJelleNL in an April 1 ” support level.

As the crypto expert further noted, this could be the beginning of Solana’s surge to $250 soon, which is very close to its peak of $259.96 reached on November 6, 2021 and an increase from November 6, 2021 27.34%. Prices as of press time.

Why does Solana pump?

Currently, Solana is changing hands at $196.33, which shows a slight decline of 0.06% in the past 24 hours, a rise of 3.84% in the past 7 days, and a rise of 52.22% on the monthly chart, with the latest data showing a more significant increase of 93.09% this year.

Solana Price 30 Day Chart

As it happens, Solana's recent gains have coincided with increasing stablecoin trading volumes on its network, which have consistently outperformed Ethereum (ETH), most recently on April 1 when Solana recorded 751.5 billion, while Ethereum’s transaction volume was $9.55 billion.

Top Networks Ranked by Stablecoin Transactions

Ultimately, the current fourth-largest asset in crypto (by market capitalization) may soar to predicted heights, but making any firm SOL price predictions is difficult, so do your own research when investing and follow any Solana news as it is necessary.