Solana is a growing wave pattern above $189 that indicates new highs. Price movement is highly regulated in an upward channel.
Solana is holding above $189, and it has been riding a well-defined upward channel, which is not very volatile.
The cryptocurrency has been showing steady profits, and it is now at an average of $192.54, which is an indication of a well-balanced market.
Expanding Wave Structure Sparks Excitement
On the Solana price daily chart, there has been a striking expanding diagonal, or ending wave. This form of wave suggests increased highs and lows wrapped in an upward-moving channel.
The trend is developing, and wave five is underway after wave four has been completed around the latest lows, and it may carry Solana to more heights towards the 295 level.
Strong support has formed above the 189 range, where demand has stabilized the price action several times.