The post SOL Price Analysis: With A Pullback To $22, What’s Next for SOL? appeared first on Coinpedia Fintech News
Stabilizing after an intense bearish hit in the Uptober season, the Solana (SOL) price treads carefully over crucial support zones. With the intent to find a reversal spot, the buyers are preparing a solid footing to revive the upside momentum.
With such moves, the Solana price prediction anticipates a bullish journey for SOL price in the upcoming altseason.
Maintaining a declining trend following the blunt rise in early 2023, the correction phase in the SOL coin price took the shape of a falling channel. The bearish channel started from the overhead rejection at $30, ushering to a quick correction of 35% to the $17.75 mark.
However, the 10% jump in Solana within the falling channel led to a 35% increment till 1st October. Furthermore, the uptrend breached the $20 mark, which proved to be a crucial resistance zone.
The SOL price action displays a pullback phas
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