#sol链
Solana Price Trend Analysis: Can It Reach $300 in the Next 30 Days?
After reaching an all-time high on November 18, Solana has experienced a pullback for two consecutive weeks. Although the current price has fallen to $235, down 10% from its yearly high, the fundamentals of SOL remain strong due to its popular meme coins and outstanding performance in the decentralized finance sector.
Many analysts hold an optimistic view on Solana's future trend, believing that its price is likely to resume an upward trend, and it may even retest the key resistance level of $300, achieving a 30% increase.
From a fundamental perspective, Solana is being fervently pursued by meme coins, which have a combined market capitalization of $20 billion. Meanwhile, the trading volume and total locked value of its decentralized exchanges are also on the rise, making Solana one of the most notable blockchains.
From a technical standpoint, Solana's daily chart shows that it has the potential for a strong rebound in the next 30 days. It has broken through the key resistance level of $210, which is the highest level since March of this year. This breakout indicates that there are still a large number of buyers supporting the market.
Additionally, Solana seems to be forming a bullish flag chart pattern, which typically indicates that the asset will experience a bullish breakout after the flag formation. At the same time, SOL is also nearing a breakout and retest pattern, which usually leads to the continuation of the original trend.
It's worth noting that after Solana's price broke through the important psychological level of $250, a pullback occurred. However, this situation is not uncommon after an asset breaks through significant levels. For example, Bitcoin also dipped to $98,000 after breaking the $100,000 mark this week.
Therefore, the likelihood of a price rebound for Solana is increasing, with the potential to reach the next important psychological level — $300.
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