Crypto analyst Henrik Zeberg has expressed optimism in Solana's potential for further growth after a period of consolidation. Zeberg believes that the consolidation phase is normal and necessary for Solana to gather momentum for its next upward move. He stated that Solana is still consolidating after reaching all-time highs and expects it to continue higher towards new ATHs in the near future. The cofounders of Glassnode also suggested that SOL might be eyeing a breakout, with a target price of $264 if it surpasses $235 on a daily time frame. Key signals such as the Daily RSI remain neutral, indicating the potential for further upside. Glassnode's tweet also indicated that Solana investors are hodling firm, with long-term holders showing conviction and the 1-2 year cohort declining.



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