Cryptocurrencies may trigger a historical high for Solana

Cryptocurrency «whales» are actively investing in Solana SOL $257.88 Solana -0.52% Market capitalization $122.4 billion VOL. 24 hours $1.2 billion - this may indicate that the crypto asset is approaching new highs. For example, a large digital token holder recently withdrew 206,111 SOL from Binance (approximately $ 36 million) and started staking tokens. This indicates growing confidence in Solana’s prospects.

Trading View’s crypto experts noted that on the 4-hour chart, SOL is traced in an uptrend channel, and the daily chart shows a bullish pennant shape, which may portend a potential breakout to the upside. If SOL can overcome this resistance line, it could rise above $ 200. Despite its strong position, some analysts have warned about the inflationary nature of Solana, which could affect its long-term value.

Solana’s resistance to Bitcoin BTC $98,475.45 Bitcoin -0.06% Market capitalization $1.95 trillion VOL. 24 hours $3.63 billion increases its attractiveness to investors. The SOL/BTC ratio remains strong, and in the event of a successful breakout, Solana could significantly exceed its previous performance, which would attract additional investor interest.

Solana’s NFT business also shows positive dynamics: its share is 33% of the activity in the entire blockchain ecosystem. At the same time, projects such as Helium, which grew by 17.72%, and the $GOAT memo token with an increase of 231.7%, demonstrate Solana’s attractiveness in the areas of NFT and artificial intelligence.