Solana price has moving been sideways for the last few months, and it has maintained the same price action.
Over the last 24 hours, SOL has depreciated 2.6%. In the past week, the altcoin’s gains were negated by the ongoing lateral trading.
Buying strength has remained low over the last week and that has further pushed Solana price to their closest support line. If buyers push the price higher, SOL could attempt to topple over the $33 price level.
As sellers continue to dominate, it could be tough for SOL to experience a breakout from the $30-$32 price zone.
The bulls failed to hold onto the $33 price mark and ever since that, the coin has continued to spiral downwards. Increased consolidation of SOL has