Solana (SOL) is trading in green above $230 at the time of writing on Monday, having gained nearly 9% in the previous week. Strengthening on-chain metrics and bullish derivative data signal rising investor confidence, with bulls setting their sights on the all-time high near $296.
Solana (SOL) is trading near the $200 support level on Friday. The Ethereum alternative token could target the $250 resistance, while several factors fuel a bullish thesis for the altcoin.
Solana’s (SOL) price showcases bullish potential, rising over 2% to trade at around $154 on Wednesday. The smart contract token's recovery follows a strong downtrend from highs of $187 in May to the support tested at $125 on June 22.