Solana Struggles Below Key Resistance, Can Price Flip $30 Into Support?

SOL’s price struggle to reclaim a key support area of $30 after losing this region. SOL breaks below a descending triangle as the price looks weak despite Bitcoin (BTC) dragging market prices upwards. The price of SOL respects the resistance line as the price trades below 50 and 200 Exponential Moving Averages (EMA). The price of Solana (SOL) has had a difficult start to October despite many traders and investors speculating the month to be fruitful for most crypto, including Solana (SOL), calling it names like Uptober. The crypto market, including the big players like the likes of Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), have all had a quiet month as the price of most altcoins have found their price battling for survival as the aim to defend (Data from Binance) Related Reading: Dogechain (DC) Notches 200% Hike In Trading Value In The Past Week Solana (SOL) Price Analysis On The Weekly Chart. Solana has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of SOL hasn’t enjoyed a measure of relief that should be expected for a coin with huge partnerships and one of the best communities driving the project to the mainstream of crypto. After the price of SOL rallied to a high of $250 with what is its all-time high, the price has faced so much downtrend as the price dropped to a weekly low of $20; the price rallied from this low to...