Solana (SOL) price registered an impressive 22% surge last month and has continued gaining traction. The token recorded a double-bottom pattern breakout and fetched a $180 mark.
However, buyers failed to push ahead. Also, a retracement toward the 20-day EMA mark was noted this week. The Solana price has retested the breakout region at around $160 and aims for a follow-on surge next.
The short-term bullish trend was intact, and SOL crypto looks all set to reach the $200 mark in the following sessions. The daily charts noted a series of higher highs and higher lows within the rising parallel channel.
Analysts Predict Bullish Stance on Solana Price
Amidst the weekly price retracement of over 10%, the Solana crypto still displayed bullish cues. Various analysts revealed their bullish outlook on Solana.
$SOL Most bullish case it holds on to this green zone around $160 and starts grinding back up to that downtrend line.
Likely to see the next attempt be a succesful breakout &am
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