CandleFocus Solana Hits ATH at $264: Is $300 the Next Milestone?
2024-11-22
Author: Content Editor
Solana (SOL) has reached a new all-time high of $264 and is now aiming to reach the $300 mark. The altcoin has surged in the past 24 hours, with its market cap reaching $122 billion. Technical indicators, such as the golden crossover of the simple moving averages and the overbought RSI, suggest that there is still room for upward movement. The Solana network has also seen a peak in successful non-vote transactions, indicating overall growth and increasing demand for SOL tokens. Using the Fibonacci extension tool, the next price targets are identified at $305, $406, and $541.
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