Analyst Says Solana Price Could Rally To $190 Soon – But There’s A Catch

After reaching a new multi-month low, Solana (SOL) is attempting to hold a key high-timeframe level as support ahead of week’s end. Some analysts have suggested that the altcoin is poised to bounce, but others warned that a potential rally could be short-lived. Related Reading: Bitcoin Mirrors Q1 2025 Playbook, Is It Headed To $70,000 Before Year’s End? Solana To Tag Higher Levels Soon On Friday, Solana recovered from the latest drop and surged 7.7% toward the $125 area. The cryptocurrency fell nearly 9% on Thursday afternoon amid a broader market correction, sending its price to an eight-month low of $116. Amid the pullback, SOL’s price breached below a crucial high timeframe level, the around $120 mark, for the first time since April before recovering. Analyst Crypto Batman noted the altcoin “is not only at its major support level, the same one that has held price for the past 2 years.” In addition, the cryptocurrency is also forming a bullish divergence on the 3-day timeframe, “exac