Solana Breaks Downtrend, Bulls Eye $236 Resistance

Solana has shattered a year-long downtrend, with analysts now eyeing the $236 mark as the next key level of resistance. The token’s recent surge above its historical downtrend is fueling renewed bullish sentiment, especially since it remains supported by a strong trend between $125 and $150. 2023 started at around $10 to $25 before stabilizing for months, experiencing a significant spike reaching $100 by early 2024 and surging past $200 in the mid-year. This was followed by another surge between August and November 2024, with prices hitting $265. This level has been a strong resistance, hindering several rallies. Now at $232.21, Solana displays resilience after months of volatility and corrections. Analysts agree that the breakout signifies a potential shift in Solana’s trajectory. While trading between $200 and $250 remains healthy, a sustained drop below $215 could signal a shift in market sentiment.