It can trigger a 30% growth before the end of the month.

The markets are heading into the last trading week of the month and are therefore expected to be more volatile. Although the month started with a surprise, the tokens are expected to end the business with a huge profit. Solana suffered a 22% drop in the first few days of the month, but the brand recovered its losses and rallied more than 10%. However, the current trading setup suggests that SOL prices are set for another 10% jump before the end of the month.

Regardless of current market trends, Solana is getting a lot of attention in very small spaces. As a result, SOL prices rose after triggering a strong rebound from the lows. The recent price action has helped the token rise above a key resistance zone, creating the possibility of an extended uptrend over the next few weeks.

The current trading position suggests that the SOL price has overcome the bearish pressure as the SOL price has breached the descending parallel triangle resistance. The bulls failed to rise above the high resistance at $172, but renewed the possibility of the $200 mark in the next few days. Mainly because the Ichimoku cloud turned strong after being depressed for about a month. Second, the volume on balance, or OBV, continues to trend upward, indicating more upside potential for the stock.

The bulls seem to be facing some lethargy at the moment, but a strong uptrend is expected to resume by the end of the week. A bullish close above $175 could materialize at this point, paving the way for a monthly bullish close above $200. Earlier, the bulls faced a decline in strength above $200, which was a serious setback. So, now that the price of Solana (SOL) is in an uptrend, it looks like it will soon mark new annual highs above $250 to $275.