SOLANA'S PRICE ACTION: A BULLISH OUTLOOK?

$SOL #solonapumping #Solana_Blockchain #sol板块 #SolanaUSTD

Solana's price has bounced back by 8% after retesting its key support level at $166. The coin had been consolidating within a bullish pennant pattern before breaking out and pulling back to the support level. With positive funding rates and increasing volumes, Solana may be preparing for a potential upward move.

Metrics suggest growing bullish sentiment among investors, with a slight positive bias in funding rates and an accumulated liquidity pool above the current trading price. Social mentions of Solana have also increased, potentially preceding a bull run.

However, increased volatility means that any price corrections breaking below the support level could signal bearish pressure. If the bullish pressure continues, Solana may rally further past the resistance level at $190.