#Solana is on a tear in the current bull market, according to analysts. The cryptocurrency has already surged 17x so far this year, following a staggering 250x increase in 2021. Analysts believe Solana has the potential to reach $500 before the bull run ends, citing its recent achievement of surpassing #Ethereum in 24-hour decentralized exchange (DEX) volume as a bullish sign.
While the analyst acknowledges current support levels sit between $130-$130, with major support at $80, they believe a break above $200 could propel Solana towards $250. The major resistance level is currently seen at $210.
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