Tech Expert Says Solana is Centralized, What’s Next For SOL Price?

Quick Summary:

SOL price has been affected by the ongoing market decline and has potentially abandoned the anticipated bull pennant breakout.

However, the pattern is still valid, and a little more consolidation between $130 and $161 should allow it to remain viable for a breakout.

Moreover, the recently rejected Solana ETF filed by VanEck and 21 Shares contributed to improving Solana’s legitimacy as a top blockchain contender in the eyes of the public.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Solana Price SOL price Solana Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 06:59:47 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22859743

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 19 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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