Solana (SOL) has broken above the descending parallel channel’s upper resistance line on the daily Coinbase SOL/USD chart. This development suggests that the upward rally is likely to continue. SOL has also broken above the 20-day exponential moving average (EMA) on the daily chart, reflecting increased demand for the asset in the market. This indicates a bullish momentum shift, and the path of least resistance seems to be to the upside. As of writing, SOL is trading at $211.29, up 2.13% on the day.