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?
Breaking another ATH over ATH shouldn't always be expected. Remember that when there's hype, there's always an attempt to spoil the momentum.
For the question, if it's the best time to invest in Solana, it's up on your DYOR and risk management. How do you see the current trend? What are your thoughts regarding the price movement? Form an analysis based on your given factors and decide what to do next.