Solana’s return from the bottom of the ascending channel; Will the $300 peak finally be conquered?
Also, the Stochastic RSI has recorded a golden iersection in the oversold area on the weekly timeframe, which is usually an early sign of a trend reversal.
In the 4-hour timeframe, Solana reacted positively above the $125-124 support and is now fluctuating below the $140 resistance. If the price can consolidate above $134-135, the short-term targets of $145 and $149 will be activated.
On the other hand, the launch of the Solana spot ETF by Franklin Templeton and attracting $4.59 million in capital in one day could boost market seime. All in all, holding key supports could be an importa signal for the start of a new bullish wave.
