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Solana Price On The Verge Of A Breakout! Will SOL Price Reclaim $120 This Week?
The price then traded sideways for a while, after which the bulls jumped 15% before facing rejection at $126.52. After this, the price was constantly trading under a bearish influence and experienced a correction of over 20%.
Solana token then traded sideways in a closed range between $100 and $106.79 for the next three days. The bulls attempted a breakout but the bears overpowered the bulls, resulting in a loss of approximately 25% in a span of one week.
Despite the increased market volatility, the Solana token continues to display a neutral trend, indicating a cool-off in the buying pressure for the coin in the market. Positively, the market sentiments have recorded a bullish sentiment, highlighting a high possibility of a bullish reversal soon.
The Solana token traded in a closed range between $90 and $100 for a short period, after which the market gained bullish influence and the price broke out of the range. The SOL price recorded a jump of over 29% in valuation, following which the coin faced rejection at $116.29.
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