Solana has experienced a major price correction in the past week, but has shown signs of resurgence with a 3% recovery in the past 24 hours. This could be due to the recent developments in the Solana ecosystem, including Helium's migration to the Solana blockchain and Grayscale Investments' Solana Trust commencing trading. Helium's migration to Solana is expected to make the platform faster and cheaper and provide access to a larger pool of developers. Meanwhile, the Solana Trust allows investors to gain exposure to the token without owning it directly. The token is trading a bullish signal above its 50-day Simple Moving Average, providing hope for a long-term bullish run. Solana's support levels are $20.50 and $20, while resistance levels are $23.20, $23.50, and $24.20.

(By Olowoporoku Adeniyi)