Solana Price Prepares For Volatility Explosion
BeInCrypto
Solana's price is consolidating in a tight range, suggesting an imminent, significant volatility breakout is likely.Summary
Solana's price has been rangebound for nearly four weeks between $77 and $88, leading to compressed volatility that typically precedes a major price move. On-chain data shows increasing new addresses, signaling renewed network interest and potential liquidity, which supports a bullish scenario. Furthermore, long-term holders (HODLers) maintain conviction, though slowing accumulation is noted. Technical indicators, specifically converging Bollinger Bands, confirm a volatility squeeze. A decisive break above $88 could target $97 and potentially $100, while a failure to hold support at $77 could lead to a drop toward $67.
(Source：BeInCrypto)