📈 Solana (SOL) has surged 12%, breaking a long-held resistance level after pro-crypto sentiment surged with Donald Trump’s U.S. election victory. Now trading above the 200 EMA, SOL’s breakout hints at a strong potential to reach its all-time high of $259.90.
🔍 Key levels to watch: Analysts suggest SOL must close above $205 to sustain momentum. If this happens, SOL could climb swiftly toward its peak. This breakout could mark the start of a bullish wave for SOL, with the uptrend firmly supported by technical indicators.
📊 On-chain data confirms the optimism, with a 1.05 Long/Short ratio and an 18% rise in open interest. This shows that traders are bullish, with many expecting SOL to continue rallying. Trading volume has also skyrocketed by 185%, reflecting high investor interest.
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