Solana’s Ascent Continues: Analysts See New Highs on the Horizon

• Altcoin Sherpa predicted that Solana (SOL) will soon break its all-time high.
• The analyst ended his position in Toncoin (TON) due to “too much uncertainty.”
• The analyst said that shitcoins are facing bearish pressure.

Crypto analyst Altcoin Sherpa predicts Solana (SOL), the fifth-largest cryptocurrency by market capitalization, will reach a new all-time high once the market rallies and establishes a new bullish trend.

In a post on X, Altcoin Sherpa advised his 220K followers that current SOL levels are not an attractive entry point and potential investors should wait for the altcoin to surpass the $165 price level. However, the analyst forecasts that in the long term, the cryptocurrency will exceed its all-time high of $260.06 set on November 7, 2021, during the last bull run.

According to CoinMarketCap data, SOL is trading at a price of $159.09, down 38.89% from its ATH. The cryptocurrency is up 7.34% in the past week but is down 12.73% in the last 30 days. Since August 2023, SOL has seen a remarkable rise of 681.89%.

On the other hand, Altcoin Sherpa expressed reservations about investing in Toncoin (TON), the tenth-largest digital asset by market…

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