Despite recent struggles to break above the $200 resistance level, a trading expert believes that Solana (SOL) has a strong technical setup that could allow it to reach $300 or even $400 in the coming months. Solana has been trading within a consolidation range for 300 days, which the expert considers a strong foundation for a major rally. The cryptocurrency has maintained its price above the 200-day moving average and the 0.618 Fibonacci retracement level, indicating strong support. The expert predicts that Solana could reach $300 in the near term and potentially $400 by May. However, other analysts have cautioned that a breakdown below the $180 support zone could lead to a downward push towards $150 or even $130. Solana's trajectory will depend on broader market trends, and moderate volatility is expected. The upcoming inauguration of Donald Trump on January 20 is also seen as a potential catalyst for cryptocurrency market movement.



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