Solana (SOL) To $300 This Month? ‘All Bets Are Off’ Once It Reclaims This Level
Summary
Solana (SOL) has ended a three-day downtrend, boosting bullish sentiment among investors. A crypto analyst indicated that SOL could surpass $300 if it reclaims a key level. Following the launch of President Trump's memecoin, TRUMP, on the Solana network, SOL surged 25% in 24 hours, reaching $270 and later hitting an all-time high of $295.83. Solana's Total Value Locked (TVL) increased to $12.1 billion, surpassing its 2021 record. Despite a subsequent 12% price drop due to another Trump-related token launch, SOL maintained levels between $230 and $270. Analysts suggest that reclaiming the $260 range could lead to new highs, with current trading at $255, reflecting a 2.5% daily increase.
