Solana $5 price discovery breakout trade target $7.50

Solana has been consolidating below its ATH of $5 for quite some time. It's now breaking out of the $5 resistance with next targets at $7.50.

At its current diluted market cap of $2B, Solana is extremely undervalued for a base layer protocol.

With all the new developments with USDC, Blockfolio, Maps.me, I expect price discovery to continue further, but the trade idea will be updated on an on-going basis.