Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level
Solana (SOL) has been trading sideways within a key price range of $145-$157 after a 15% biweekly recovery. It reclaimed the $140 resistance for the first time since February, following a drop to a 14-month low of $95. SOL has retraced 63% from its all-time high of $293 and is currently 50% below its January peak. Analysts suggest that a breakout above the $157 range could lead to a bullish rally, potentially reaching $170-$180 in the short term, with a possibility of a new all-time high by Q3/Q4. Conversely, a breakdown could see support levels around $136 or $100-$120. Solana has shown strong demand, surpassing other layer 1 and layer 2 networks in decentralized exchange volume. Currently, SOL trades at $149, reflecting a 1.1% daily increase.
