Solana price broke its higher-low structure on the daily chart, falling from $253 to $190 before bouncing back. While short-term momentum is weak, the medium-term outlook is positive as the price remains above the 20-day SMA and in an ascending channel. A cup-and-handle pattern on the monthly chart suggests a potential breakout towards a $425 target, supported by a golden cross on the MACD indicating a shift to bullish momentum.

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