Solana (SOL) has shown signs of recovery and a breakout from a bullish formation, targeting a rally to $164.
After bouncing back from its recent drop to $140, SOL has gained 2.45% in the weekly timeframe, reclaiming key support levels.
Analysts suggest that a breakout confirmation could push SOL to $164 and potentially towards $180 and $200 levels, but failing to maintain current levels may lead to a retreat to $142 or $135.
Market watchers indicate that if global conflicts do not hinder, Solana could climb higher, with one suggesting a potential target of $300 in the future, while a confirmed breakout above a bullish pattern could lead to new all-time highs.