According to CoinMeta, on August 10th, the price of Solana traded at around $76.93, representing a nearly 7% increase from the low of $72.49 on August 7th. This rebound broke through the downward channel that had persisted for five weeks since the beginning of July. The 4-hour chart shows that SOL first rose to $74.30, then broke through the channel around $75, and reached a high of $77.36. Trading volume expanded during the breakout period, and the bulls-bears strength indicator rose to 1.23, indicating that buyers were in the dominant position in the short term. Analyst Dami-DeFi pointed out that the recent rise in Solana is related to support for proposals regarding future supply growth, and it is expected that the governance process will be completed by August 18th.