Solana (SOL) recently reached an all-time high, followed by a pullback. It is currently trading at around $233 and stable above the $221 support level. The positive funding rate and lower correlation with Bitcoin indicate optimism and the potential for price gains. Traders are betting on SOL's recovery and long-term growth, and the reduced correlation with BTC could allow SOL to rally on its own merits. A breakout above the $245 resistance could push SOL toward $270 and a new all-time high, while a failure to hold above $221 could lead to consolidation or downside risk. Overall, Solana is well-positioned to benefit from Bitcoin's bullish trend.
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