🚀 Solana Price Analysis: $210 Target Remains Strong Amid 8% Correction

🚀 Solana's Comeback: Solana revived from a 96% crash to become the fourth-largest crypto. It recently broke a bearish pattern, dropping 8% to $169 but may rally to the $210 yearly high.

📈 Price Bounce Potential: SOL broke out of a descending triangle and trades above the 50-day and 200-day EMAs, showing bullish momentum. A double-top pattern is forming at $169. A drop could hit $160 or $138, but a bounce might push it to $210, a 30% rise.

📊 Indicators: RSI at 62.35 shows bullish momentum nearing overbought. CMF at 0.12 suggests positive money flow. Volume spike during breakout supports upward movement. Falling below $138 signals weakness and could drop SOL to $98, turning bearish.

🌐 On-chain Metrics: Solana's TPS at 700 and 91% success rate are bullish signs. Active accounts hit a three-month high, boosting confidence. TVL rose 19.23% this month, indicating investor trust. A drop in TPS could hurt TVL and invalidate the bullish outlook.