Solana is one of the top performers in the top 10, looking at the performance over the last year of trading. After plunging to around $8 after the collapse of FTX, prices went on to recover steadily throughout 2023 before rising to as high as $210 in March 2024. Is SOL Ready For The “Mania-Like Stage”? While SOL prices are cooling off at spot rates, retracting from this week’s highs, some analysts are confident. Taking to X, one analyst believes the coin is within a breakout formation after clearing above a re-accumulation structure. For what’s there, SOL, the analyst added, is “ripe to push higher.” Related Reading: Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’ – Here’s Why If bulls flow back, reversing recent weakness, Solana could easily glide higher, entering what the analyst described as a “mania-like stage.” Looking at the SOL candlestick arrangement, the analyst predicts that SOL will rip higher, breaking above the all-time highs of around $260 recorded in 2021. Afterwards, the coin is highly likely to scale out aggressively. By the trader’s estimation, Solana can quickly rally to ..
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