Solana, a popular cryptocurrency, experienced a remarkable price surge in recent months, reaching an all-time high of $208 on March 18. However, this achievement was short-lived, and the price corrected to $167 before briefly rebounding to $203 on April 1. Since then, Solana has stabilized around a support level of $140.

The price increase from October 2023 to April 2024 was parabolic, driven by the popularity of Solana-based memecoin projects and the overall crypto market sentiment led by Bitcoin. Solana briefly surpassed BNB in market value rankings, displacing XRP and ADA. However, when the market greed subsided, Solana's price corrected, and it is now finding support at $140.

According to crypto analysts Inmortal, Maximilian FX, and Orson Fawley, Solana is poised for an upward movement, targeting its all-time high of $320. The current price of $145 represents a 30% drop from its highest level this year. Key price levels to watch include resistance at $158, $175, and $185, while a drop below $140 may lead to a decline towards the next main support level at $120. Despite the neutral market sentiment, the environment remains favorable for Solana's price recovery.