Solana (SOL) has faced broader market turbulence over the past week but has swiftly rebounded to $140, suggesting further upside ahead.
According to crypto analyst Ali Martinez, in an X post on July 8, Solana’s current price action is mirroring the trajectory observed in 2021. Martinez noted that the SOL Relative Strength Index (RSI) is currently at the same level it was prior to the bullish breakout in 2021, indicating that a major upward SOL price rally could be imminent.
Should this trend continue, the price could potentially rise above $200, presenting a lucrative opportunity for investors and traders. The $140 level currently serves as a critical support level, and breaking above this resistance could further confirm the bullish trend, leading to higher price targets.
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