Is $217 the Key to Solana’s Next Move? Analyst Weighs In

Solana ($SOL) is poised at a crucial juncture, as price action nears the pivotal $217 support level. This mark will determine whether the token rebounds or breaks down in the short term, potentially signaling a major shift in its near-term market momentum. 80% of traders are currently long on Solana and expect a rebound after a recent rally, while analysts anticipate further volatility if it breaks below the support level.