Solana was the star of one of the most notable movements of the week. After a prolonged decline within a bearish channel, it experienced a liquidity take in the area of 138 dollars, with a volume spike indicating a false bearish breakout.
From there, the price recovered strongly, breaking the descending channel upwards and consolidating above 150 dollars.
The confirmed bullish breakout, along with the increasing volume participation, offers an optimistic projection for the upcoming week.
If it can maintain support above 149 dollars to 150 dollars, it could advance towards 156 dollars or even 160 dollars. However, there is still a possibility of some correction towards the upper edge of the channel as a test.