Solana (SOL) has broken out of a descending parallel channel that constrained its market activity for weeks. This signals a potential price climb towards $213, according to market analyst Ali Martinez.
The breakout follows several attempts where SOL's price respected the channel boundaries. Key catalysts include the completion of the massive Solana unlock by the FTX estate and its inclusion in the US Strategic Crypto Reserve.
Analysts like Jelle and Chris Burniske highlight the possibility of price discovery and an upward trend as SOL, alongside Bitcoin and Ethereum, posts strong weekly closes.
Source : www.newsbtc.com ↗