On November 17, Solana$SOL experienced another breakout, so the question arose about what rate to sell the cryptocurrency at to maximize profits.
On Sunday, Solana broke through the upper boundary of the contracting triangle that began to form on November 12. Given the width of the figure, it becomes obvious that the coin will rise in price to at least $250 in the near future.
Technical indicators point to a continuation of the bullish rally. For example, on the daily chart, the Average Directional Index significantly exceeds 25 and is 35.37, which indicates the continuation of the upward trend, and the RSI index, which reached 74, has not yet entered the overbought zone.
Solana blockchain indicators also signal an upward movement. The value of staked SOL has increased sharply and exceeded $8 billion, and the trading volume on decentralized exchanges operating on the SOL network from November 10 to 15 reached a very high of $16 billion.
All of the above factors indicate that the bulls will not stop at $250. Most likely, the pump will continue, and the Solana price will update the historical maximum recorded in November 2021 at around $260. $ACT $PROS