The price of Solana (SOL) has increased significantly, reaching a new multi-year high of $173. This altcoin has successfully overcome several resistance levels, which has added optimism to the investment community.

Solana now represents a very lucrative investment opportunity. Since the beginning of February, the token price of this project has increased by 70%. The Sharpe ratio for SOL is currently 5.37, which is the highest since December 2023. This indicator evaluates the return on an investment based on risk, and a higher value indicates a higher return on a comparable risk. However, in addition to this, it is also important to take into account the volatility of the market.

Investors remain optimistic about further price growth, which is confirmed by data on market sentiment and positive trends in social networks. These factors signal a possible continuation of the Solana price increase.

It is predicted that the price of SOL may reach the $200 mark. Currently, the Solana price is approaching this mark and is on the verge of breaking the Fibonacci level of a 50% correction from $248 to $89. Overcoming this level may provoke further bullish momentum, however, it is necessary to remain vigilant, since the relative strength index (RSI) is in the overbought zone. If the support level of $168 is not maintained, the price may decrease to $150, which may change the current bullish scenario.