Can Solana (SOL) Eye the Next Target After Record Highs?

Can Solana (SOL) Eye the Next Target After Record Highs?
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Solana reached a new all-time high of $294.33. 
SOL is trading at $243, down over 9% in the past 24 hours.
The global cryptocurrency market is facing a bearish downturn, shedding 2.54% and bringing its market cap down to $3.54 trillion. Amid the dip, the altcoin Solana (SOL) defies the trend, reaching a new all-time high of $294.33.
Despite the uptick, SOL couldn’t escape the red zone. However, market analysts expect SOL to near the $400 threshold shortly. Notably, the altcoin has registered a loss of over 9.05%. With a $118 billion market cap, Solana trades at $243.13. 
The altcoin opened the day trading at $266.29, and it climbed up to hit its ATH. Later, the Solana price sharply fell back to visit its previous low of $231.63. Moreover, SOL has witnessed a 24-hour liquidation of $110.83 million. Consequently, the daily trading volume of SOL has reached $35 billion.
The altcoin has surged over 34.44% in the past seven days. The week began trading at $183.24, and Solan

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