SOL Near ATH, Cautious Watch for Breakout

I’m keeping a close eye on Solana (SOL) as it trades around $181.5, up a modest 0.4% for the session and testing near its all-time high. With Solana’s market cap around $98B and a towering rank in the top 10, the chart sits at a delicate juncture: the price is elevated but still about 38% below the ATH of $293.3, suggesting meaningful upside potential if momentum persists. The current level reflects constructive demand, yet there’s no clear breakout signal yet beyond a steady bid, so I’m watching for decisive moves rather than chasing a pullback that could stall quickly. Promotional promos like “Trojan: Save 10% on Fees!” are irrelevant to value drivers and should be ignored when assessing risk and conviction.