Summary
TLDR: Solana price has surged to $144 but still has room to grow to reach its all-time high. The altcoin is undervalued based on the Price-to-Sales ratio and has potential for further rallies. Investors’ support and increasing addresses on the chain indicate positive momentum. A breach of $150 resistance could lead to a rally to $168, while failure to breach $150 may result in a correction to $126.
Key Points
1. Solana price breached the $100 mark and is currently trading at $144, still having ground to cover to establish a new all-time high.
2. Solana may be undervalued despite recent rallies, with potential for further growth based on technical and historical data.
3. Growing investor support and increasing transactions on the Solana network indicate positive momentum for the cryptocurrency, with potential for continued price appreciation.