The post Solana Price Analysis: Will SOL Price Continue Bullish Trend This Month? appeared first on Coinpedia Fintech News
The crypto market has recently seen a period of consolidation over the weekend, with major cryptocurrencies displaying sideways action. Top tokens have remained within a narrow price range, indicating reduced price volatility and a possible cooling-off period in the ongoing rally.
The recent trial of SBF, who faced seven charges and was found guilty, has impacted Solana’s price. Solana (SOL) lost over 5%, and the cumulative loss since the verdict stands at more than 12%.
Since a market surge, SOL price has been on an upward trajectory, forming a rising channel pattern. For the first time since July, Solana broke through a crucial resistance level at $28.16.
TradingView: SOL/USDT
This breakout led to a significant price surge, with SOL breaching multiple resistance levels and achieving new yearly highs. The price even attempted to challenge the resistance level at
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