Solana is back below $240, setting the floor for big players to scoop up. Yet, for a break beyond $264, other conditions must align.
A $240 breakthrough could spark FOMO and set the stage for a breakout, but don’t expect a smooth ride just yet.surged from $157 on election day to an all-time high of $264 in just 20 trading days, breaking through the $260 ceiling and cementing itself as a standout performer in the market.momentum, with BTC solidifying its position as a favored asset class, driving broader market inflows and pushing Solana to new highs..
As a result, a break to a new ATH for Solana might seem too ambitious for now, as investor focus has shifted toward Bitcoin. Their backing could help Solana reclaim the $240 price band in the coming days. Once this threshold is regained, the conditions mentioned above will play a critical role in determining Solana’s next direction.As noted earlier, Bitcoin’s big break has created conditions ripe for altcoins to surpass psychological levels. However, Solana may be lagging in this regard.
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