Solana (SOL) has shown strong signs of recovery after a significant market decline. The cryptocurrency's price has climbed back to $204.56, marking a 4.25% gain in a day. This positive momentum comes despite a noticeable dip in trading volume.
A considerable market correction occurred on February 3rd, influenced by tariff announcements. However, the markets bounced back after a 30-day pause was announced. Technical analysis suggests that Solana is encountering resistance in the $215-220 range, with a bullish flag pattern indicating potential further gains.