- SOL ($176.75) continued to trade within its parallel channel, which could support a rebound to $225 or even $260.
- SOL’s Long/Short Ratio revealed that market sentiment was leaning bullish.
Solana [SOL] has been a key player in the cryptocurrency market, especially in its recent price movements.
Analyst Ali Martinez’s analysis shows that SOL has been following a clear parallel channel, a pattern often associated with steady price movement within defined levels.
This channel provides a strong framework where the price could potentially rebound towards $225 or even $260.