Solana: After an impressive 97% rally – consolidation and stability despite trend reversal

Solana: After an impressive 97% rally – consolidation and stability despite trend reversal

Solana price: consolidation after successful rally

After an impressive 97% rally since April 7, 2025, Solana price is showing signs of consolidation. During this period, the price has performed strongly, indicating continued investor interest and confidence in the cryptocurrency.

Despite the positive price development, the crucial upward trend line remains stable so far. A break of this white line, which serves as an important indicator of the upward movement, has not yet been registered. This circumstance signals that the consolidation phase may simply be a necessary stopover before the price rises again.

The current market situation offers both challenges and opportunities for investors and interested parties. The stability of the uptrend line could indicate that the market remains in positive sentiment, making the forecasts for a possible further rally appear optimistic.

It remains to be seen whether Solana price will be able to maintain this positive trend and potentially reach new highs, or whether it will enter a correction phase. The coming weeks will be crucial in order to be able to better assess the long-term price development.