Is Solana Poised for a Massive Breakout Rally?
Holders are hurting, and relief might take awhile to arrive.
Overview
Down 43% this year so far, Solana (CRYPTO: SOL) holders are doubtlessly ready for their fortunes to turn. Some have conjectured that a big rally is right around the corner. Others suggest that the chain is on its deathbed. The historical data suggest that a near-term pop is likely to occur, though it might not disrupt the broader downtrend.
So is Solana going to go on a tear, or peter out entirely?
Details
Let's start by throwing some cold water on the idea that Solana's price can simply make a V-shaped reversal back to its highs.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.