Breaking

Solana, $225 Resistance Breaks, Reaches New High... Can ATH Be Achieved?

Bloomingbit Newsroom

Summary

Solana (SOL) recently broke through the $225 resistance line, indicating a new price record.
Experts predict that if Solana's next target of $250 is reached, the bull market could intensify.
If such a bull market continues, Solana is likely to receive strong buying pressure from investors, increasing the possibility of recording a new all-time high (ATH).

Solana (SOL) has surpassed the $225 resistance line, reaching a new high. Solana is currently trading at around $235, which is approximately 10%% below its all-time high (ATH). According to NewsBTC on the 17th (local time), experts suggest that SOL's next target is set at $250, predicting that a successful breakout could lead to a new ATH. ## Will SOL Enter a New Price Discovery Phase?

Analyst Ali Martinez described this upward trend as the 'beginning of a bull market,' indicating that SOL's strong price movement has the potential to reach a new ATH. He stated, "If SOL breaks through $250, the bull rally could continue, potentially triggering a new record as investors increase buying pressure."

SOL