When will Solana breakout?

SOL is holding above support around $166, potentially heading for a test of local highs around $185. A strong break and close above could signal a push towards $190 - $200.

For the time being, Solana has also yet to reclaim its 1D 200MA which could also be signalling some weakness, or lack of strength rather, in the short-term.

Reclaiming $166 on 21 May could've confirmed it as support for a push towards higher prices.

Considering that SOL is nowhere near its ATHs and assuming continued bullish market momentum, one could be very optimistic about its potential.

However, from being a market leader to lagging so far behind BTC, I fear that it might not make a significant ATH in this cycle - assuming this year is all we have left.

I hope I'm wrong about that, haha.