What is in store for the price of SOL?
After the rise of meme coins, analysts expect the price of Solana to reach $300, pointing to a breakout in a descending wedge pattern, which is a bullish indicator.
Analysts highlighted the occurrence of key support bounces that pushed the price above the resistance level at $230.
Strong trading volume and price momentum confirmed this breakout, reinforcing optimism for further gains as positive sentiment drives the price of Solana to new discovery levels.
Currently, Solana is trading at $254.35, achieving a weekly gain of 36.40%.
The market capitalization of the coin is $123.76 billion, with a 24-hour trading volume increase of 295.32% to reach $19.85 billion, reflecting significant investment interest in Solana.
Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of any asset, nor should it be considered a solicitation, offer, recommendation, or suggestion for investment.
