Solana Pumps 60% In Four Days Overtaking Binance Coin in Market Cap
The price of Solana reached its lowest point since the all-time high on December 29, 2022, when it fell to $8. It consolidated with the price, encountering horizontal resistance at $30 but forming higher lows, eventually rising above it at the end of October.
The uptrend in which the price is currently started on September 13 but is most likely wave 3 from the five-wave impulse counted from the $8 low. As Solana entered the upper range from its first support after the all-time high at $80, we saw it coming to the first lower structure after the ATH.
This is another resistance point; as the price is overextended, it could be its stopping point. However, no signs of struggle would point to an immediate downturn.
