Solana (SOL) has seen a strong rally, reaching as high as $248 in November, just 5% below its all-time high. This surge is driven by bullish market activity and strong technical patterns, with some analysts predicting a push towards $400. Solana's ability to consolidate instead of pulling back after these gains suggests the potential for new all-time highs. Bitcoin's broader market rally has also created a favorable environment for altcoins like Solana. The coin's trajectory will depend on critical support and resistance levels, with $245.3 acting as a key resistance level. The memecoin ecosystem and growing speculation about a Solana spot ETF have contributed to its rally. Technical analysis shows a breakout from a cup-and-handle pattern, indicating potential substantial price appreciation. Solana is currently trading at around $245, with a 54% monthly increase. A breakout above $245.3 could trigger a rally towards $259 and, eventually, $400.



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