Solana Surges 15% Amid Speculative Buying, Faces Key Resistance

Solana (SOL) experienced a 15% increase in value after previously dropping 30% to $67 due to a breakdown from its descending channel. According to NS3.AI, the recent rebound is primarily fueled by speculative short-term buyers, while long-term holders are reducing their positions. For Solana to achieve a sustainable recovery, it must reclaim the key resistance level at $93. Failure to do so could result in another decline towards $59.