The price of Solana (SOL) has been influenced by the current market downturn, raising doubts about a bullish breakout from the expected pennant pattern. Nevertheless, this pattern remains feasible if the price consolidates within the $130 to $161 range.
Edward Snowden, a well-known whistleblower associated with Wikileaks, has recently expressed concerns over Solana's centralization. These concerns may play a role in influencing investor sentiment and consequently, the SOL price.
Ultimately, while potential short-term setbacks exist, the current patterns indicate a likelihood of a breakout for Solana if market conditions stabilize and consolidation persists.
