Solana (SOL) has been a topic of interest in the cryptocurrency market, with its price fluctuations sparking both optimism and concern. After a remarkable rise during the last bull run, SOL's price plummeted following the FTX incident but has since recovered. Now, investors are wondering if SOL can regain its momentum and reach new heights.

Encouragingly, Solana's price has been showing potential for continuous growth, driven by innovations and new opportunities on the network. The increase in Open Interest (OI) by over $700 million in just two weeks is a promising sign, reflecting investors' confidence in a price rise. However, a decrease in correlation between Solana and Bitcoin has been observed, which might seem concerning. Nevertheless, past trends suggest that a decrease in correlation has led to rises in SOL.

Currently, SOL is trading at $169, a 3% daily increase, with the critical level of $170 being the next hurdle. If SOL can solidify this level as support, it may aim for $175 and eventually $190, a healthy test of resistance. However, failure to achieve these levels may result in a decline to $156 or even $137.

In conclusion, Solana's price is poised for a potential takeoff, driven by innovations and investor optimism. While challenges lie ahead, the cryptocurrency has shown resilience in the past. Will SOL reach new heights? Only time will tell, but the signs are encouraging.