DeGRAM | SOLUSD channel floor launch toward 170+Solana continues to respect the broad rising channel that has guided price since early April. Recent corrective action tagged the channel median and then the intersecting 137-140 horizontal support, forming a classic confluence floor. The reaction: a sharp bullish rejection that restored price above the magenta internal trendline, indicating buyers remain in firm control. The corrective structure itself resembles a descending wedge losing bearish momentum, while RSI prints a positive reversal at 40 – conditions that often precede explosive upside resolution. A decisive close over 150 triggers an upside breakout aiming first at 160 (wedge objective) and subsequently at the 172-175 resistance block where prior distribution occurred. Should momentum spill over, the upper channel trajectory extrapolates 185-190 in coming weeks. Bullish bias is intact while candles close above 137; deeper dips into that zone likely represent opportunity rather than weakness.
