Solana's native cryptocurrency, SOL, has been on a notable upward trajectory recently, rising from $180 to over $210 but experiencing a slight decline to under $200. Currently priced at $197, the question arises whether SOL will reach its all-time high.

Potential for Further Growth

Surpassing the $195 resistance level, SOL is now trading above the 100-day moving average on the 4-hour SOL/USD chart, hinting at a possible breakthrough of the $210 resistance level and a chance for new highs in the near future.

Analyzing the RSI indicator, the RSI line above the 50 level signals bullish momentum and potential for further price increase. Similarly, the MACD indicator shows positive signs with all lines positioned above the zero line, indicating a bullish trend.

Downside Risks to Consider

Despite the positive indicators, failure to breach the $210 resistance level could lead to a downward correction towards the $162 support level and potentially initiate a downtrend. It is crucial to monitor the network activity, particularly the use of SOL coin in transactions, as it significantly impacts Solana's price movements.

The future trajectory of SOL depends on various factors, including market demand momentum and network activity, which could potentially drive the coin to break its all-time high.