Leading cryptocurrency asset Solana (SOL) is demonstrating notable renewed price momentum as it aims to challenge several key resistance points. These crucial levels have proven vital for its next major rally to higher levels, possibly to a new all-time high in the upcoming weeks.

Price Breakout To Propel Solana’s Value

Amid rising market optimism, Negentropic, a technical expert has underlined Solana as a crucial crypto asset to monitor, predicting that SOL might be gearing up for a huge upswing to higher price levels. The market expert points to renewed bullish momentum and key resistance levels, which could position SOL for a major movement on the upside.

Following an examination of its price action, Negentropic highlighted that SOL dropped to the marked zone between $202 and $208 on the daily chart before rebounding toward $230 again. Should the altcoin surge past the $235 level in the 1-day time frame, the analyst expects SOL to break the price compression and aim for the previous high of $264.

Thus far, Negentropic has pointed out key signals to watch for in order to navigate the impending price surge. This includes the neutrality of the daily Relative Strength Index (RSI) and its distance from the overbought zone, which is favorable for a move to higher price points.

Furthermore, he has urged investors to watch potential ecosystem tokens like JUP and Dogwifhat (WIF) for upside momentum once SOL gains traction. With on-chain advancements and broader adoption of the Go to Source to See Full Article
Author: Godspower Owie