In recent days, the cryptocurrency market has faced a sharp correction that has led to the fall in the price of many cryptocurrencies. However, the situation seems to be changing in favor of investors, and in the meantime, the price of Solana (Sol) also shows signs of improvement.

Although the price of these cryptocurrencies has not yet returned to the previous ceilings, the current trend could be the beginning of a new leap for altcoins.

Over the past week, Solana's price fell more than 14 percent, but has once again entered the upward trajectory in the past 24 hours with more than 7.5 percent growth. This is a sign of the return of buyers ' power to the market.

In this regard, a well-known user in the field of cryptocurrencies called coinvo announced on social network X that Solana's price has crossed a key trend line and is currently trading above the important support levels in the 108 range, which can confirm the continuation of the upward trend.

On the other hand, data from the hyblock Capital Platform show that Solana's purchase pressure has increased significantly.

Also, according to Statistics released by the coinglass team, during the recent fall in the price of Solana, the open profit index also fell, a factor that is usually a sign of the possibility of a change in market trends. Given the recent upward acceleration, the possibility of this trend continuing cannot be ignored.

However, the altcoin season index shows the number 18, which continues to indicate a greater market tendency towards Bitcoin. Therefore, the possibility of the start of the season of altcoins (including Solana) seems low in the short term.

Overall, if purchaser strength is maintained, Solana's price is likely to soon recover the  120 level and approach the price ceilings recorded in March.