According to Trader Tardigrade, Solana (SOL) has maintained its position above a key descending trendline, which now serves as critical support. After a period marked by a series of lower lows and lower highs, SOL has recently broken this pattern by forming a new higher high on the daily chart. This shift suggests a potential bullish reversal and renewed upward momentum. Technical traders are closely watching this development for confirmation of a sustained trend change. The bullish price structure could attract increased trading volume and positive sentiment, potentially impacting broader crypto market flows and altcoin performance. (Source: Trader Tardigrade via Twitter, June 10, 2025)

According to Mihir (@RhythmicAnalyst) on Twitter, Solana (SOL) price action throughout its bull run has been consistently supported by a single major trendline, identified as the white line. The latest chart analysis shows SOL is currently in a recovery phase, rebounding from recent lows while staying above this crucial support. This trendline is a key technical indicator for traders; sustained price action above this level may signal continued bullish momentum, while a breakdown could indicate trend reversal. Traders are advised to monitor SOL’s interaction with this support for actionable entry and exit points (source: Mihir via Twitter, May 2, 2025).