As the cryptocurrency market continues to move into the green zone, $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

Recall that the price record was set on November 7, 2021 at $260, and $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.

#BTC #crypto2023