SOL traders’ every wish came true — except for new all-time highs: What gives?

💡 DMK Insight

Solana’s current price at $154.88 reflects a market caught between strong fundamentals and external pressures. While its underlying technology and ecosystem continue to attract interest, the path to a recovery towards $250 hinges on broader market sentiment, particularly in tech stocks and geopolitical stability. Traders should keep an eye on tech indices and geopolitical developments, as these factors could either bolster or hinder Solana’s ascent. If tech markets show renewed vigor, we could see Solana testing resistance levels around $200, which would be a key psychological barrier. However, there’s a flip side: if geopolitical tensions escalate or tech stocks falter, Solana might struggle to maintain its current levels. Monitoring the $150 support level will be crucial; a drop below this could signal a bearish trend. So, watch for any shifts in tech market performance and geopolitical news to gauge Solana’s next moves.