$SOL

Solana (SOL) has recently shown a promising rally, with its price stabilizing around $170 after a solid recovery. Following a brief dip, Solana's price has bounced back, and the current sentiment in the market is bullish.

As of now, the key support levels to watch are around $165 and $164, while resistance levels are identified at $177 and beyond.

$SOL

Market analysts note that Solana has gained traction in the decentralized finance (DeFi) space, even outperforming Ethereum in terms of decentralized exchange volumes.

$SOL

There are indications of increased whale accumulation and a general rise in trading volumes, which further supports the positive outlook.

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Notably, a bullish "cup-and-handle" pattern has been identified, suggesting potential for significant price increases in the future.