Solana (SOL) is attempting to reclaim a significant support level. Recently, this digital currency has surged over 14% from its $121 floor and touched the $145 resistance earlier this week. A notable aspect of this uptrend is the unprecedented increase in positive sentiments on social networks. According to sentiment data, the ratio of positive to negative opinions about SOL is currently 18 to 1, indicating growing investor interest. Reasons for this trend include financial institutions’ support, technological improvements, and increased social interactions. Analysts believe that by surpassing the $136 level, Solana has reclaimed a crucial resistance that has hindered its growth in the past two weeks. Some experts like Jelle think SOL still has a long way to go, while others point to a recently broken ascending triangle pattern on the chart. Currently, Solana is trading in the range of $136 to $139 and is striving to hold onto this support level. If the uptrend continues, the possibility of SOL price reaching $180 exists. Some analysts even have a higher price target in mind, predicting that by surpassing the targeted resistance, Solana could reach $270. At the time of writing, SOL is trading at $133, indicating a 3.3% weekly growth.
