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Solana Price Prediction: SOL Experiences Strong Compression at $120 – Explosive Move Ahead?
Solana (SOL) has gone up by 1.3% in the past 24 hours and currently stands at $126 as the token has been trading in a tight range for a few weeks now. This signals strong accumulation at a point when technical indicators seem to be indicating that the cycle’s bottom is already in. In the past 7 days, the token has gained 3.3% after bouncing off $118 last Thursday. Yesterday, the FOMC minutes were released. They showed split views among the Committee members regarding this month’s rate cut. The cut was approved by 9 out of 12 members, this being the most dissented decision since 2019, before the pandemic hit. ... (full story)
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