The SOL token has been showing positive momentum in the crypto market, with a recent jump of about 7% over the past week. In March, the Solana token increased by 54% and its year-to-date performance saw a rise of around 95%, indicating strong buying activity for this altcoin.

Despite some challenges and a range-bound trading period, the SOL token managed to break above key resistance levels and is now trading between $170 and $200. The Moving Average Convergence Divergence (MACD) suggests a bullish trend for the altcoin, with the potential for a further price increase.

If SOL can maintain its price above $200, there is a possibility of reaching the next resistance levels of $250 and $300 in the near future. However, a trend reversal could see the token dropping to lower support levels at $170 and $140.

Overall, the Solana token is poised for further growth in the coming month, but it remains to be seen if it will hit an all-time high.