Could Solana (SOL) Reach $315? Essential Graph Indicators to Watch For

Solana (SOL) is currently trading near a significant monthly support zone, around $132. The digital currency has seen a 3% drop in the past week and a 1% daily loss. Traders are closely monitoring as it aligns with a long-term rising channel support level. Key chart signals indicate that SOL is near the lower boundary of its ascending channel on a one-month timeframe, which has previously acted as a base for multiple upward moves. Two potential upside levels are outlined: $263 and $315. SOL's short-term movements will depend on maintaining this support. Furthermore, Franklin Templeton launched its SOL ETF recently, holding approximately 17,000 SOL tokens and applying a 0.19% fee. Despite recent outflows, total assets have remained over $900 million, suggesting a potential shift in sentiment.