$SOL /USDT price analysis

Solana (SOL) is trading at approximately $194.19, reflecting an increase of about 6.56% over the past 24 hours.

Technical analysis indicates that SOL has been experiencing a bullish trend since August 2024, characterized by higher highs and higher lows. This upward momentum suggests the potential for continued growth, though the duration of this trend remains uncertain.

However, it's important to note that SOL is currently trading below its all-time high of $264, reached in November 2024. The current price represents a decline of approximately 26.5% from that peak.