Solana (SOL) experienced a significant surge in October, raising the possibility of a retracement in the near term. If the current support level fails to hold, the next support zone is identified between $30.00 and $32.50.
However, if the broader cryptocurrency market maintains its positive momentum in the coming weeks, there is an expectation for SOL to continue its bullish trajectory, potentially testing the $48.00 - $50.00 range.