Analyst Predicts Solana Price Could Break Above $207
Solana's price has surpassed the $200 resistance and established it as support despite market retracement. Analysts suggest a potential surge, with a target of retesting January's all-time high of $294.
Current Market Analysis
- Key support identified at $175, where demand is strong.
- The price shows consistent higher lows since April, indicating upward pressure.
- Positive market momentum linked to expectations of rate cuts from the Fed.
Trading Considerations
- Monitor if Solana maintains above $190; breaking below would indicate bearish trends.
- A breakout above $207 could lead to prices moving toward $250 and potentially reaching $300.
