$SOL #BNBHitsATH Solana (SOL) - Fundamental and Technical Analysis

Fundamental Analysis:

Positive Points:

One of the fastest and most scalable blockchain platforms

Strong adoption in DeFi, NFTs, and Web3 sectors

Backed by a robust developer community and high-profile partnerships

Low transaction fees, making it ideal for mass adoption

Negative Points:

Recent network outages have raised concerns about decentralization and reliability

Increasing competition from other Layer-1 blockchains

Technical Analysis:

SOL has recently crossed the $236.75 mark, showing a 4.26% increase. The price is approaching a critical resistance level, which could determine its next move. The current chart suggests a bullish accumulation phase, supported by strong volume clusters.

Outlook:

If Solana can maintain its current momentum and overcome key resistance levels, it has the potential to revisit or even surpass its previous all-time high in the upcoming weeks.

Question to the Community:

Do you think $SOL will continue its bullish run, or are we heading for a correction? Share your

thoughts!