SOL price dynamics (Source: TradingView)

As an experienced crypto analyst, I have had the chance to watch the mapping of Solana (SOL) as it went beyond the $200 mark. Wall Street is a bit static in its bargain call but as for Goldman Sachs analysis and technical charts, it is through the roof. Similarly, such a substantial increase in the price of a huge live-in-city could cause an obesity epidemic. This recent increase is fascinating buyers, both the large and family sets, to understand the mechanics of the spurt and the possibilities of its continuation.

Price History and Trading Volume

One of the functions that the SOL currency has gained is selling it to the public 24 hours per day, 7 days per week, and this is fed the reason why SOL went from $0.22 to $295 of appreciation in the last year. SOL has seen about 1,400% growth in price in the last year from its price of $14 to a recent high of $295. Financial, on the other hand, is a kind of medicine that is swallowed a while before results can be seen. The trading volume has always been the main evidence for the strength of the trading market and the liquidity of the asset(s).

• Year-to-date price increase: approximately 500%
• 30-day trading volume: Up by 150% compared to the previous month
• 24-hour trading volume: Consistently exceeding $2 billion

SOL price dynamics (Source: TradingView)

On the daily timeframe, Solana completed a textbook multi-month cup-and-handle breakout between $135 and $180. The neckline retest around $158 has held, and price has since surged above all prior local highs into a fresh liquidity zone. This area which is between $195 and $217, has not been visited since January and includes high-volume rejection zones seen in December 2024.

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