Solana, a popular alternative cryptocurrency, has experienced a positive trend with four consecutive days of price increases, resulting in an overall growth of more than 11% since May 19. Currently trading above $180, the altcoin has seen a 3% increase in the last 24 hours and seems likely to continue its upward movement in the short term.

The futures market for SOL is showing optimism as the long/short ratio has exceeded 1 for the first time since May 8. This shift indicates a preference for long positions among futures traders, signaling a shift towards a bullish market sentiment. The current ratio stands at 1.01.

An increase in the long/short ratio suggests a bullish outlook, with more traders expecting the asset's value to rise. This change reflects a growing positivity among futures traders and indicates a rising confidence in SOL's potential for short-term price appreciation.

Additionally, SOL's Aroon Up Line has reached 100%, indicating the strength of SOL's upward trend. The Aroon Indicator measures trend strength and direction by tracking recent price highs and lows. Aroon Up signifies bullish momentum, and SOL's current Aroon Up Line shows the coin trading near a nine-day high of $185.32, reinforcing the ongoing upward momentum.

Furthermore, the rising Chaikin Money Flow (CMF) suggests an increasing demand for SOL as buyers are actively accumulating the coin in the spot market. The current CMF reading of 0.26, on an upward trajectory, confirms the growing buying pressure compared to selling pressure. This positive momentum indicates a potential for SOL's value to surpass $185 and reach $188.83, with further upside potential towards $195.55, unless market conditions shift and bears regain control, potentially leading to a drop in price to $171.88.