Solana price stabilizes at $ 172 after an impressive weekly rally of almost 20%-crypto market withdraws before the weekend.

Solana price stabilizes at $ 172 after an impressive weekly rally of almost 20%-crypto market withdraws before the weekend.
Solana (SOL) Price development: Consolidation around $ 172
The Solana (Sol) price currently consolidates by $ 172, while the activity on the cryptocurrency market is decreasing in the expectation of the weekend. This consolidation phase has followed an impressive price increase of almost 20 % since the beginning of the week.
The market development shows that investors are carefully responding to the price movements and possibly waiting for new impulses that could continue to drive Solana growth. This phase of consolidation could be of interest to both long -term investors and short -term traders.
The recent price gains in Solana could be due to various factors, including increasing interest in decentralized financial applications (Defi) and non-fungal tokens (NFTS) on the Solana blockchain. Investors should keep an eye on future developments in order to use possible trading opportunities.
Overall, the situation remains dynamic on the cryptocurrency market, and the Solana price is still being observed closely while it is in this consolidation phase.