Solana Holds Monthly Support As Network Activity Grows – Time For A Breakout?

Description

Solana faced heightened volatility yesterday, dropping 7% following the Federal Reserve’s announcement of a 25 basis point rate cut and fewer projected cuts for 2024. Despite the sell-off, Solana’s price action remains resilient as it managed to hold above a critical support level, reinforcing confidence in its ability to weather macroeconomic shifts. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? While the market reacted to the Fed’s cautious tone, Solana’s on-chain metric...