Will Solana’s Long-Term Trendline Maintain its Position, Keep Prices Above $130?

Solana (SOL) price experienced notable volatility today, fluctuating between $135 and $143. Analysts on X pondered the implications of its long-term trendline established in 2020 for SOL’s future direction during market downturns. This line served as support during several significant market corrections. A rising trendline connects successive lows, indicating buyers stepped in at gradually higher levels. This pattern suggests a potential rebound and further price increases.