As the cryptocurrency market continues to move into the green zone, Solana (SOL) is also approaching the psychologically important mark at $25.50, from where the digital asset could be headed for a yearly high of $36

Crypto analyst Crypto Tony believes that the cryptocurrency should easily overcome the resistance at $25.50 and then the seventh largest market capitalization token will reach the $100 mark.

Of course, not all of the analyst's subscribers found this prediction plausible, as $100 is about half of the record high.

Recall that the price record was set on November 7, 2021 at $260, and bitcoin (BTC) was trading above $60,000 at that time.

Solana's current price is $24.11 with a daily gain of 3.8% and a weekly gain of about 24.4%.

Thanks to the recent price bump in the crypto market, Solana has broken through the 200 exponential moving average, which is especially important given that the asset recently experienced a large wave of shorts and the move up could be the effect of a short squeeze.

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