On the other hand, if SOL manages to break above the descending channel and establish support at that level, it could trigger a strong upward move. In this case, SOL might rally by 35% and reach the $270 mark. However, for this bullish scenario to play out, buyers need to step in with strong momentum and push the price above resistance.
What backing do you have for your analyses? Do not think coins like Solana is a store of value. The coin can disappoint at anytime. The best you can do for such coin is to buy it during bear market and sell it during bull market during alt season. If you missed that, any altcoin may disappoint you. They may no longer get to all-time high.