Solana (SOL) has experienced significant price growth, registering over 70% gains this month.
Although Sol initiated drops this week and lost momentum, the overall trend is still considered bullish in the mid-term.
The ongoing retracement provides a buying opportunity for traders and investors, with the key level to watch for a retest being $210, the previous all-time high (ATH).
In the long term, the bullish structure remains intact, with no signs of reversal unless the price dips below $100.