Solana About To Target $250 If It Breaks Key Supply Level – Analyst

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Solana About To Target $250 If It Breaks Key Supply Level – Analyst - NewsBTC

Quick Summary:

Sharing his technical analysis on X, Runefelt outlined a potential 12% surge, targeting the $246 resistance level—a crucial hurdle before Solana can challenge its historical peak. Breaking above this level would signal strong bullish momentum and likely set the stage for a rally to new all-time highs.

This volatility has sparked significant interest among traders and investors as Solana tests key levels critical to its next move. Top analyst and macro investor Carl Runefelt has weighed in with a technical analysis, suggesting that a decisive break above the $225 resistance level could ignite a rally toward $246.

Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% A decisive breakout above $225 would not only signal bullish strength but also create a domino effect, attracting new buyers and fueling momentum.