SOL has been trading within a well-defined bullish channel for an extended period, with clear upper and lower trendlines. Watch for a potential breakout above the upper channel trendline. This could signal a bullish trend continuation.If a bullish channel breakout attempt in Solana (SOL) fails, there is a possibility that the price may retest the $20 area. However, this is a speculative scenario, and the outcome depends on several factors, including market sentiment, news, and overall market conditions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.