Solana (SOL) is showing signs of recovery and is potentially entering a reclaim phase after testing support near $150.
Market analyst Bluntz sees the current price action as promising, with cautious optimism prevailing as the token trades around $157.
Solana had been consolidating between $150 and $190, with the recent breakdown turning into a potential fake-out that could trigger significant upside momentum upon reclaiming the lower boundary.
Solana is currently trading at $156, down 5% over the past year, with a strong market cap surpassing $81.8 billion. A successful reclaim may mark a pivot point for Solana, but failing to hold above $150 could lead to a downside target near $130.