Solana (SOL) has been facing resistance below the $200 mark, hindering its ability to capitalize on previous bullish momentum. Although the cryptocurrency recently rebounded from the $190 support level, the market remains cautious as Solana records weekly losses.
Analysts are optimistic about a potential rebound towards $300. Meanwhile, investors are closely monitoring market signals, hoping for a shift in sentiment and a chance for recovery.
Despite these challenges, the crypto community is attentive to any development that might lead to bullish outcomes for Solana.