Solana Eyes $290 in November? Here's the Setup.🚀
$SOL is generating major bullish momentum heading into November, with catalysts like the newly launched U.S. spot ETF making institutional capital easily accessible.
This, combined with Solana's robust DeFi and NFT ecosystem growth, sets the stage for a potential push toward $290, especially if it can break through the key $260 resistance level.
However, traders should be cautious. The path upward is lined with significant resistance, particularly at the $205-$210 zone. The tendency for investors to take profits near the $200 mark could trigger pullbacks.
The Bottom Line: The ingredients for a rally are there, but it's unlikely to be a smooth ride. Keep a close watch on those key resistance levels.
