Solana holders are anticipating potential price increases after the recent cryptocurrency market downturn. Technical analysis suggests a strong possibility of reaching $550 if key resistance at $287 breaks. This accumulation is driven by a technical ascending channel pattern observed on the chart, indicating a potential for further growth beyond this level. However, Solana’s leadership has not confirmed official price targets despite the bullish momentum. Holding patterns show increased conviction as net selling has decreased by 46%. This shift in sentiment could influence other major cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), and XRP.