Solana breaks through major resistance and rises above $180, new all-time highs are on the horizon?

With its previous price achievements, Solana (SOL) has become one of the largest cryptocurrencies on the market, attracting the attention of investors and traders as its price continues to rise, hitting a new annual high of $172. Solana has actually reached a new 25-month high, reflecting strong positive interest from crypto investors within the sector. As a result, some market experts predict that crypto assets are about to hit new all-time highs.

Crypto Jelle, a cryptocurrency trader and analyst, noted that "SOL has surpassed all the important levels that prevented it from reaching new all-time highs." This suggests that digital assets may reach new peaks in the near term, as there are only minor resistance levels ahead.

Jelle is optimistic about Solana, claiming that he has been "able to hold it easily since the SOL price was $20". In addition, he also mentioned that he has "no plans to sell" his SOL holdings in the short term, indicating that he believes the token will soar.

As Solana continues to rise, Jelle believes the asset will attract many new retailers or investors. In addition, buying SOL can serve as an entry point for them to position themselves for future earnings.

According to Crypto Jelle, SOL is one of the largest assets in its cryptocurrency portfolio, tied with Injective (INJ). Jelle asserted that both crypto assets are currently on an upward trajectory, marking the beginning of a bull market.

In addition, he claimed that SOL and INJ have re-emerged as "altcoin market leaders." So, in this bull cycle, all other altcoins "will follow in their footsteps."

Crypto expert Rekt Capital points out that Solana has the potential to revisit the $208 resistance level in the near term. First, he emphasized that SOL is demonstrating strength similar to the 2021 bull cycle.

Since digital assets broke out of the green zone, they have risen by more than 118%. Since breaking through the ascending triangle, it has also gained more than 53%. As a result, he believes that the $208 resistance level is "likely to be tested again" in the coming months. So far, SOL has risen by more than 23% over the past week, indicating an increase in buying pressure in the crypto market.

(Source: Godspower Owie)