Solana Just Had a Disappointing Month. Is It Still a Buy?
The historical data suggested that the coin might go on a heater of a run in July.
Overview
For five straight years, July was a month that tended to close in the green for Solana (CRYPTO: SOL). The coin's median performance in July is a gain of 17.3%.
But this July, that pattern broke down, much to holders' chagrin. The coin started July at $73.53, and it ended the month down by 1% from that mark. That pushed Solana's losing streak to 10 consecutive down months, which is unprecedented for the chain. So, is it still worth buying, or is this broken seasonality trend indicative of deeper problems?
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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.