Solana (SOL)

With a jump of ~2% in the past 24 hours, the Solana price continues trading within its ascending channel pattern in the 1D time frame. Notably, it has surged 7.98% over the past week and 15.69% during the past 30 days. This indicates a rising interest of investors in it.

The MACD indicator records a constant green histogram with its averages showing a constant rise in the SOL price chart. Further, the Simple Moving Average (SMA) constantly supports the price chart in the 1D time frame. This suggests that the price may conclude this month on a bullish note.

If the Solana price successfully reclaims the $181 mark, this could result in it heading toward its yearly high of over the $200 mark. On the other hand, if a bearish trend reversal occurs, the altcoin may retest its support trendline of $155. $SOL