Is Solana Good For A Pullback?
Yesterday, Solana briefly broke its previous ATH of $260 from November 2021, hitting $264.63—but it couldn’t hold.
After breaking its ATH, Solana was rejected multiple times at the new high and retreated, hinting it may test lower levels like $240 next. At least, this is what typically happens in such a case.
But here’s why I’m not jumping to conclusions just yet:
➡️ Bitcoin dominance is sliding rapidly (down ~2% in 24 hours).
➡️ Alt season could be just around the corner.
➡️ Solana already has momentum, with key indicators like active addresses and daily fees breaking records.
If this really is the start of alt season, Solana is positioned to lead the charge. Whether it retests or breaks higher, it’s one to watch closely.
