The native token of the Solana blockchain, SOL, is gaining attention as a bullish chart pattern has formed on the daily time frame. A prominent crypto expert has predicted that SOL could rebound to $225 or even $264 based on this outlook. Intraday traders are also betting on the bullish side, with traders currently over-leveraged at $193 to $202. The trading volume for SOL has increased by 15% and its price has surged by 3.10% in the last 24 hours. SOL has been consolidating between $188 and $202 for over a week, and a breakout from this range could drive the asset's price higher. If SOL successfully breaches the $202 level and closes above it, there is a strong possibility of a 25% increase to reach $255. Current market sentiment and bullish on-chain metrics indicate that bulls are dominating SOL and could help it achieve its target.



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