Solana (SOL) has broken through its crucial resistance above $230 and is trading at $244, with a 2.82% spike.
Solana has witnessed a 24-hour liquidation of $14.86 million, with a daily trading volume of $7.72 billion.
The ongoing market sentiment for SOL remains neutral, with a potential downside correction to $232.57 or $225, and a possibility of reaching $253.71 or even a new all-time high at $260.06.
Solana's technical indicators show a bearish momentum, but the Chaikin Money Flow indicates a possible spike in demand.