$SOL The recent surge in SOL's price is attributed to a breakout above $159, driven by strong trading volume and heightened on-chain activity, indicating sustained bullish momentum.
However, significant movements by large holders, such as a whale transferring nearly 1 million SOL, have introduced volatility, causing the price to dip to $154 before rebounding.
Looking ahead, analysts suggest that if current momentum persists, $SOL could target the $165 resistance level. Some projections even anticipate a rise towards $200, contingent on continued network activity and investor interest.
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