Solana, the resilient blockchain network, has recently made a remarkable comeback, with its native token, SOL, reaching a month-high of $187. After a prolonged period of correction, Solana has staged an impressive surge, showcasing its ability to weather market volatility. As of now, Solana's price stands at $181.47, slightly lower than its earlier peak.

The surge in Solana's market cap, which has risen to $81.43 billion, and its trading volume, which has increased by 56% to $4.94 billion, underscores the growing interest and confidence in the network. Despite the recent pullback, Solana remains poised for further growth, with analysts closely monitoring its next moves.

Solana's recovery comes amidst a broader market upswing, with Bitcoin and Ethereum also experiencing significant gains, reaching $70,859 and $3,650, respectively. This bullish sentiment has been further reinforced by the crypto market's shift from fear to greed, as indicated by the fear and greed index.

While Solana's current price represents a significant improvement from its earlier low of $120 in early May, it is still below its March rally high of $202.87 and its all-time high of $260.06, set two and a half years ago. However, investors remain optimistic about Solana's potential, particularly due to its ability to host popular meme coins on its network.

The recent surge in Solana's price began on the 15th, starting at $150.72 and reaching an earlier high of $187 after establishing support around $166. The charts suggest a bullish outlook for the altcoin, with current support at $175 and key resistance at $190. Given the positive market conditions and sentiment surrounding the Solana network, the altcoin's price might target $188 next. If Solana successfully crosses the $188 mark, prices could climb further to $195 and eventually $200.

However, it is important to note that the Solana price graph remains unstable, and a potential pullback could affect the altcoin. If the price drops below the $178 level, Solana could fall to a low of $160, a crucial trend reversal zone. Moving averages, however, suggest a strong buying zone for this altcoin, which could further boost Solana's price.

In conclusion, Solana's recent surge to $180 represents a promising comeback amidst market volatility. While the altcoin still has room for improvement to reach its previous highs, the current market conditions and positive sentiment surrounding the network suggest that Solana may continue its upward trajectory in the near future. As always, investors are advised to conduct thorough research and make informed decisions when investing in the volatile cryptocurrency market.