Is Solana Poised for a Massive Breakout Rally?

Down 43% this year so far, Solana (CRYPTO: SOL) holders are doubtlessly ready for their fortunes to turn. Some have conjectured that a big rally is right around the corner. Others suggest that the chain is on its deathbed. The historical data suggest that a near-term pop is likely to occur, though it might not disrupt the broader downtrend.

So is Solana going to go on a tear, or peter out entirely?

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Let's start by throwing some cold water on the idea that Solana's price can simply make a V-shaped reversal back to its highs.

Aside from the ongoing crypto bear market, the broader macro environment isn't conducive to any coins experiencing a roaring rally. That doesn't mean it's impossible for assets to rise in price, or even that it's impossible for coins to rise by a lot, but it does mean that the fuel for a breakout is in short supply, which lowers the price ceiling for a rally and the floor for a further decli

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/solana-poised-massive-breakout-rally-120600231.html)