Experts predict a new historical high for Solana

The Solana (SOL) cryptocurrency has shown impressive results, reaching a record high of $ 264, after which it underwent a correction. Currently, its price has stabilized at $ 233, and the cryptocurrency may continue to grow amid general market optimism.

According to the latest data, the market rate for Solana remains positive, which indicates optimism among traders. The positive funding rate indicates that investors are willing to pay to hold long positions in anticipation of an increase in the SOL price.

Despite the recent market fluctuations, the continued confidence in Solana’s potential for price appreciation suggests that traders are expecting a strong breakout in the near future.

The interest in Solana is also supported by the decline in its correlation with Bitcoin (BTC), which has fallen to 0.43. This gives a positive outlook for Solana, as a decrease in correlation with Bitcoin usually leads to sharp price spikes in altcoins. Solana may start to develop independently of Bitcoin movements, which will allow it to perform better than the market leader.SOL is currently trading at $ 233, with consolidation between $ 245 and $ 221. A breakout above $ 245 could resume the bullish trend and push Solana to $ 270. If the price drops below $ 221, the cryptocurrency may test the support level at $ 200.If Solana is able to break out of the consolidation phase, it could quickly reach new records. However, if the price falls below $ 221, the market sentiment may become more cautious.