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Solana Price Stays Within Ascending Channel — Is $387 Next?

  • The Solana price is trading within an ascending channel on a larger timeframe, indicating a potential rally towards $387, according to popular crypto analyst Ali Martinez.
  • The ascending channel pattern suggests a continuation of the upward price trend, with a key support level at around $195.
  • If the support level holds strong, it could act as a springboard for the Solana price to reach a new all-time high of $387, representing a potential 91% rally.
  • As of now, the price of SOL has shown a recovery above the $200 mark, indicating a 4% increase in the past 24 hours.

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