$SOL
🚨 Solana prices ready to go on the next leg up at $200? 🚨
Solana price action has picked up over the past month, turning in a decent 25.8% gain as it eyes the next leg up at $200. However, despite a promising technical position with a cup-and-handle structure forming on the weekly chart, the broader sentiment and behavior across the market remain mixed, with diminishing social volume and negative feelings revealing a lesser degree of conviction. While Solana’s price action suggests strength, community and emotional indicators are falling behind.
Nevertheless, Solana prices have made a sensational comeback after trading from $135 earlier this month to surge to the $168 range as of press time, after losing 1.7% in the past week. Nevertheless, the apparently favorable tailwinds could cause a Solana price breakout above $200 and trigger an aggressive run toward its previous all-time high of $296. The market remains on edge in search of signals before more liquidity flows into the rally.