Solana has been consolidating below its ATH of $5 for quite some time. It's now breaking out of the $5 resistance with next targets at $7.50.
At its current diluted market cap of 22B, Solana is extremely undervalued for a base layer protocol.
With all the new developments with USDC, Blockfolio, Maps.me, I expect price discovery to continue further, but the trade idea will be updated on an on-going basis.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.