Solana Faces Consolidation After Failed Breakout: What’s Next?
Solana is currently undergoing a period of consolidation after failing to maintain a breakout above the $180 mark. Following a monthly high of $179.68 on May 22, the cryptocurrency has faced a significant decline, dropping to approximately $148.00 by June 18, which represents a slide of 14.6 percent. Market analysts are closely watching Solana’s movements to determine if it can regain its previous momentum. As the market digests these developments, the potential for recovery or further consolidation remains high on the agenda. Investors will need to stay alert to market signals as Solana navigates this crucial phase.