SOL price reached a new ATH of $80 this week
SOL Price has formed an ascending channel
Bulls must break $77 to have a chance at another high
Solana (SOL) price has been on an immensely strong bull run over the last week as prices have risen nearly 80%. With no end in sight, bulls have yet to lose their power. This comes along with two other major alt coins hitting a new ATH (all time high) this past week, LUNA & ADA. The overall market has been experiencing a buying frenzy that hasn’t been seen in many months. The fact that these coins have reached a new ATH may tell us that other major alt coins including BTC may be next. Top 20 alt coins have never reached new highs within a bear market.
While looking at the last few days of price action, we can see how SOL has formed an ascending channel formation. Each time price has reached either trend, a bounce has occurred. SOL price will continue its uptrend until either trend of the channel is fully broken. For Solana to reach another
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