Solana's (SOL) price is set for a significant upside rally after encountering substantial selling pressure at its strong resistance level of $161. This upward trend comes in the wake of an over 18% drop due to the overall bearish market sentiment and Bitcoin's recent price decline.
Despite these challenges, SOL's daily chart signals a potential trend reversal. Market analysts are optimistic about SOL's performance, expecting a 20% rally, driven by renewed investor interest and improved market conditions.
