Solana Price Trapped Between Resistance and Support, $254 Target Looms

Solana (SOL) is currently facing a period of consolidation, caught between long-term resistance at around $254 and rising support. This price stagnation has persisted since 2021, with the token failing to break through this key resistance level despite recent attempts. While Solana’s price failed to climb above this crucial mark, the upward-sloping support trendline from March 2024 remains strong, offering hope for bullish momentum. Expert analysis points to a potential breakout in the coming days.