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

💡 DMK Insight

Solana’s current price at $159.86 shows resilience, but hitting $250 hinges on external factors. Geopolitical tensions have a direct impact on market sentiment, especially in tech. If these risks ease, we could see renewed buying interest, pushing Solana higher. Traders should keep an eye on broader tech market trends and geopolitical news, as these will likely dictate Solana’s trajectory. The $250 level isn’t just a psychological barrier; it represents a significant resistance point that could attract profit-taking if reached. On the flip side, if geopolitical risks escalate, we might see Solana retrace, testing support levels below $150. Monitoring the daily chart for volume spikes or bearish patterns could provide clues on potential reversals. Watch for any news that could shift market sentiment, as that could be the catalyst for Solana’s next move.