Solana (SOL) Nears Final Barriers to All-Time High: Price Analysis

Solana (SOL) is in cruise mode as it heads towards what could be the last two barriers before getting back to its all-time high of $295. Will the $SOL bulls push it over these obstacles? How is $SOL performing against $ETH and $BTC? $SOL hits first of the big obstacles) served as major support for $SOL from the start of the huge ascension in October 2023 through to the all-time high early in ￰0￱ that, the price crashed down through the 50-week SMA but has now gained above it once ￰1￱ second of the two obstacles that are left for $SOL is the big resistance at $252. This level has rejected three major rallies so far, and so the $SOL bulls will be hoping fourth time lucky. $SOL now turning the tables on $ETH) $SOL is now starting to turn the tables.

A beautiful touch of the 0.618 Fibonacci marked the spot where $SOL began to take control again. A descending wedge that led out of the ascending channel has now been broken to the upside, and with momentum definitely on the side of $SOL now, it might be expected that the price at least regains the bottom trendline of the ￰2￱ approaching huge descending trendline