The cryptocurrency market continued to consolidate, with the global cryptocurrency market cap steady at around $1.18 trillion, down slightly by 0.2%. Additionally, Bitcoin continues to trade within a narrow range as the cryptocurrency’s dominance continues to rise. Amidst the hustle and bustle of major tokens, Solana is moving towards higher goals.
SOL price has been on a decent uptrend since the beginning of the month and is expected to continue rising for the rest of the month. Currently, the price has broken above a bearish resistance line that has held firm for several months. This could be a huge signal of rising volatility, which could benefit cryptocurrencies in the long run.