Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH price by just $1, according to Binance.
Solana is expected to see some consolidation around the $200 mark. Should the support at $192 fail, Solana can explore lower levels ($177) before any new attempt to break the all-time high occurs. Expect significant volatility from Solana over the short term. For now solana is at the price of 198.80$ is it the best time to invest in Solana or not?
I am not a pro trader as i am more a hodler type of investor, but if you ask for my personal opinion, then i would definitely not invest into solana now. The reason for that is pretty simple. If you look at the charts at coinmarketcap or coingecko then you will see that Solana started trading below 1$ last year, which means that everyone that invested back then already have made more than x250 of it's initial investment and people that invested into the seed or private sale of solana have made even more and i usually don't invest into projects, that have already made a 100x or more as it think the room for another x10 or even more is maybe not thee anymore.