Update
Solana Rebounds and Tests Channel Support
Solana price has rebounded from the lower boundary of its rising channel, with traders watching resistance for clues about its next move. The price has recovered from around $101 to $106.32, showing a 4.07% increase over 24 hours. The lower channel line remains the level to watch, and a clear break below it could weaken the pattern and bring lower price levels into view. The 23.6% Fibonacci retracement near $106.79 is the first hurdle, and a firm move above it could test $110, which would indicate an extension of the bounce beyond its initial recovery. Failure to clear $106.79 could lead to sideways or lower movement.