Analyst Claims a Solana (SOL) Could Be Set for a New High

• An analyst noted that SOL’s position above $75 was good for the price action.
• If buying pressure intensifies, SOL might ascend to $141.27.
• The odds do not entirely favor the upside due to indications from the DMI.

According to trader Crypto Tony, as long as Solana (SOL) trades above $75, the cryptocurrency remains in a bullish position. Tony made his opinion known on X (formerly Twitter) on January 13.

Via his post, the trader also showed a weekly chart of SOL, indicating that the price could soon rise above $140. 

Recently, SOL experienced a significant pullback as the broader market went through a notable correction. During that period, the SOL price fell to $92.95 despite rising above $110 a few days before that. 

However, CoinMarketCap’s data showed that the value of the token recovered to $97.62. On January 13, SOL extended a lower leg down to $90.92 due to enhanced selling pressure.

Despite that, bulls made a bold attempt to revive the price by capitalizing on the same region and using it…

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