Solana (SOL) is currently trading near the lower boundary of an ascending channel, with $190 acting as strong support. Analysts suggest that SOL is at a decisive technical point, and if it maintains this support level, it could see a recovery towards higher resistance levels at $225 and $260. Solana price has historically respected the upward ascending parallel channel and may form a higher low pattern if it reclaims the lower bound. However, it is currently restrained by short-term moving averages, indicating that bears have more control in the short term. The overall open interest of Solana is increasing, suggesting that future price fluctuations may be higher. The key price zones to watch are $194 as support and $202-$211 as resistance. A breakout above resistance levels could trigger a rally, while a break below $190 could result in further downside.



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