Solana (SOL) Hits $144: Analysts Feel Optimistic, Is A New ATH Imminent?

Solana (SOL) Hits $144: Analysts Feel Optimistic, Is A New ATH Imminent?
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Solana (SOL) has been experiencing some volatility this week, but analysts seem optimistic about an ‘imminent markup’ around the corner. In the past 24 hours, Solana (SOL) has registered a 10.6% increase after breaking through the $140 barrier again.
Solana Rises Above $140
January of 2022 marks the last time Solana’s native token traded above the $140 price range. On Thursday, the fifth-largest cryptocurrency by market capitalization hit a new high and followed the uptrend the crypto market is experiencing.
JUST IN: #SOLANA BROKE $140 #SOL $SOL pic.twitter.com/KbHkiwm8uf
— BitcoinExpert.sol (@PeterAnagno) March 7, 2024

On March 5, SOL’s price spiked 7.5% after going from $132 to $142. However, the excitement about the cryptocurrency surpassing $140 was short-lived.
The price started what looked like a freefall descent that shredded 16% of the token’s price, stopping at the $119 price range. Throughout Wednesday, SOL’s price continued to move in both directi

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