ššš #SolanaPrice Analysis: After Hitting $211, Hereās What Comes Next
Solana Price Surge Fueled by #BitcoinRally
- Solana ($SOL ) has surged, breaking through major resistance and reaching a yearly high of $211 before a slight pullback to $207.31. The recent rally has brought SOL a 27.8% weekly gain, as market momentum remains strong.
Analyst Outlook and Price Targets
- #CryptoAnalyst Corne Marchand predicts that if SOL surpasses its previous high of $248, it could see new all-time highs, with potential targets at $360 and long-term possibilities between $900 and $1,000. Historical data supports this potential, as SOL has already risen 810% since December 2022 and previously experienced a massive 15,000% rally in 2021.
Key Levels to Watch
- SOLās breakout from a bull pennant pattern targets $211, with resistance at $263 and $330 based on Fibonacci levels. High trading volume, up 136% in the past 24 hours, reinforces SOLās bullish outlook. However, if SOL dips below $211, it may retest $175, potentially invalidating the current trend.
