Solana (SOL) shares have seen more market volatility over the past week but have quickly recovered to $140, indicating further upside potential.
According to a cryptanalyst Ali MartinezIn a July 8 post by X, Solana’s current price action mirrors the trajectory seen in 2021. Martinez noted that SOL’s relative strength index (RSI) is currently at the same level as before the bullish breakout in 2021, indicating that a major price rally in SOL may be imminent.
If this trend continues, the price could potentially move above $200, presenting a profitable opportunity for investors and traders. The $140 level currently serves as a critical support level, and a break of this resistance could further confirm the bullish trend, leading to higher price targets.
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