The Solana (SOL) cryptocurrency is currently 12% below its all-time high but has gained an impressive 275.85% year-to-date. Technical indicators suggest that the market may be entering a consolidation phase, with the BBTrend recovering from extreme negative levels and the DMI showing weakening trend strength. The EMA lines indicate a pause in market direction, potentially leading to a narrower range for SOL's price. If a downtrend develops, support levels at $221 and $204 may be tested, while a recovery could push SOL towards a key resistance at $248 and potentially retesting its previous all-time high near $264.



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