Solana Price Shows Signs of Resurgence After Hitting Support Level

The cryptocurrency market is stabilizing, with most large-cap assets consolidating. However, Solana (SOL) is showing signs of resurgence after a volatile period.

In 2025, Solana reached $260 in January but lost half its value by April.
A crypto analyst, Cryptollica, noted a recent bounce from a critical support level, suggesting potential for a price increase to around $2,000.
The price has formed an ascending channel pattern, indicating possible trading opportunities between support and resistance levels.
Solana has fluctuated within this channel since mid-2020, previously breaking out during the 2021 bull run.
The current support level is crucial; if maintained, it could drive prices higher, while a breach could lead to a drop to $20.

Currently, Solana's price is approximately $134, with a 10% increase over the past week.