Bitcoin’s impact on Solana’s price is very important, as Bitcoin is the primary indicator of the cryptocurrency market. Currently, Bitcoin is in a state of fluctuation with a decline between $90,000 and $100,000, which contributes to reducing investor confidence in general. When Bitcoin is unstable or heading down, this negative sentiment is transmitted to altcoins like Solana, which increases selling pressure on them and makes it difficult to achieve such a $220 level. On the other hand, if Bitcoin stabilizes and rises slightly, this may improve market sentiment and stimulate large flows that support coins like Solana.
Therefore, the possibility of Solana reaching $220 in the near term depends largely on the stability and improvement of Bitcoin’s price, in addition to positive changes in the regulatory environment and large capital inflows$SOL