The price of Solana (SOL) has been rallying and is close to forming a new all-time high, leading to optimism among traders and investors. This upward momentum reflects increased market activity and confidence, as evidenced by a record $4.7 billion in Futures Open Interest (OI) for SOL. However, despite this optimism, Solana has yet to break past critical resistance levels, leading to concerns about the sustainability of the bullish momentum. Technical indicators, such as the Relative Strength Index (RSI), suggest overbought conditions, which historically have triggered price corrections. While Solana's macro momentum remains strong, caution is warranted, and investors will need to monitor whether Solana can maintain its upward trajectory or succumb to market pressures. The $245 resistance level is seen as the final barrier to a new all-time high for SOL, and a failure to break through could test investor confidence. However, if broader market cues remain positive and $245 becomes a support level, Solana would have a chance to form a new all-time high beyond $260.



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