Solana

Injective

Resistance

With previous price achievements, <a href="https://www.newsbtc.com/news/solana/solana-sol-hits-144-analysts-feel-optimistic-is-a-new-ath-imminent/" target="_blank" rel="noopener ">Solana (SOL)</a> has become one of the biggest cryptocurrencies in the market, garnering the attention of investors and traders as its price continues to rise, hitting a new yearly high of $172. 
<h2 id="solana-sol-breaks-through-all-critical-levels">Solana (SOL) Breaks Through All Critical Levels</h2> 
Solana has effectively reached a new 25-month high, reflecting a strong positive interest from crypto investors within the sector. Due to this, several market experts are predicting that the crypto asset reaching a new all-time high is on the horizon. 
Crypto Jelle, a cryptocurrency trader and analyst has <a href="https://x.com/CryptoJelleNL/status/1767816432291647950?s=20" target="_blank" rel="noopener nofollow">shared</a> his insights on Solana’s latest rally on X (formerly Twitter) while noting the significance of the development. 
The crypto analyst pointed out that “SOL has surpassed every significant level preventing it from reaching new all-time highs.” This suggests that the digital asset could reach a new peak in the short term since there are only minor resistance levels ahead. 
<img loading="lazy" decoding="async" class="size-medium wp-image-597854" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=460&amp;resize=460%2C240" alt="Solana" width="460" height="240" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=460&amp;resize=460%2C240 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/Crypto-Jelle-Solana-Chart.jpg?w=1140 1140w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
Jelle is optimistic about Solana, asserting that he has been able to “hold SOL with ease ever since it was at $20.” Furthermore, he mentioned that he “does not have any plans of selling” his SOL holdings anytime soon, demonstrating his belief in the coin to soar higher. 
As Solana continues to rally, Jelle is confident that the asset will <a href="https://www.newsbtc.com/news/solana/solana-sol-massive-870-premium/" target="_blank" rel="noopener ">attract</a> a lot of new retailers or investors. In addition, purchasing SOL serves as their entry point to position themselves for future gains. 
The post read: 
<blockquote>
 SOL has broken all major levels standing in the way of new all-time highs. I have been comfortably holding this one since $20, and I do not plan on selling it anytime soon. New retail will flock to Solana tokens, and buying SOL is their entry ticket.
</blockquote> 
According to Crypto Jelle, SOL is one of the largest assets in his crypto portfolio alongside Injective (INJ). Jelle <a href="https://x.com/CryptoJelleNL/status/1768210268532756653?s=20" target="_blank" rel="noopener nofollow">asserted</a> that both crypto assets are currently moving in an upward trajectory, signaling the start of their bull run. 
Furthermore, he claims that SOL and <a href="https://www.newsbtc.com/injective/inj-price-soars-13-as-injective-unveils-inevm-ethereum-and-solana-integration-expected/" target="_blank" rel="noopener ">INJ</a> have reclaimed the top spot as the “altcoins market leaders.” Consequently, every other altcoin “will follow their lead” in this bull cycle. 
<h2 id="208-resistance-level-might-be-revisited">$208 Resistance Level Might Be Revisited</h2> 
Rekt Capital, a crypto expert has <a href="https://x.com/rektcapital/status/1768212182037082537?s=20" target="_blank" rel="noopener nofollow">pointed out</a> Solana’s potential to revisit the $208 resistance in the short term. At first, he underscored that the SOL is demonstrating strength similar to that of the 2021 bull cycle. 
Since the digital asset broke out from the green zone, it has increased by over 118%. It has also increased by over 53% ever since it broke out of the Ascending Triangle. 
Due to this, he believes the “$208 resistance level might be tested again” in the coming months. So far, <a href="https://www.newsbtc.com/analysis/sol-price-breaks-150/" target="_blank" rel="noopener ">SOL</a> has climbed by over 23% in the past week, indicating a rise in buying pressure in the crypto market. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/9lGl4txK/" alt="Solana" width="2273" height="1351">

Solana Smashes Major Resistance Levels, New All-Time High Imminent?

Table of Contents

NewsBTC

Other articles published on Mar 14, 2024

Dencun Upgrade Completed, Spot ETF Applications Underway: Ethereum Price May Outperform Bitcoin i...

Solana to face 17% to 28% price correction, analyst warns

The Future of Money? Central Bank Digital Currencies on the Rise

Altcoins Rally: Spotlight on XRP, LUNA, and FLOKI’s Market Movements

BTC to $80K: Investors Swarm Green Bitcoin Presale for Higher Returns

El Salvador Drops Income Taxes on Foreign Investments

Join our free newsletter for daily crypto updates!