Solana (SOL) is maintaining its position above $189, as analysts observe an expanding diagonal pattern on the daily chart. The cryptocurrency is currently in a fifth wave formation, with support at $189.23 and resistance at $194.97, indicating short-term stability. SOL has increased by 0.5% to $192.54, reflecting steady momentum and limited volatility. Market analysts suggest that this pattern could potentially lead to a test of the $295 level, aligning with previous cycle peaks. The market remains balanced, with price action continuing within the defined support and resistance levels, suggesting a stable outlook for Solana in the near term.