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?
There are also several coins that recently broken the ATH and others that fails so Solana is not far from those , best to keep the hold if you are for long term but sell now if not.
The market is showing small dumping position , but if this maintain this positioning in the next couple of weeks then by December expect a massive increase in prices .
Theres nothing wrong if the ATH price doesnt break on its first try. Just take a look on SOLANA's weekly chart, MACD says it will go up. On its Daily chart, it also said it will go up. Even on its 4hrs chart the price is reversing going up. I believe it will break this resistance this month of November.
https://coinmarketcap.com/currencies/solana/SOL is doing great still , hyping 26% in the last 7 days is good enough to expect another pump sooner.