Solana Stalls at $102 Amid Slowing Monthly Rally

Solana (SOL), a high-throughput layer-1 blockchain, has stalled near $102 after its 33% monthly rally slowed down over the past week. The token's price has been stuck in this range for several days and has failed to break above the $102 level.

According to analysis, Solana's 33% monthly gain has essentially stopped, with only a 1% increase on the week. This indicates that the token's buyers are no longer chasing its price as aggressively as they were in the previous weeks.

The failure to hold above $102 and the flat trading over the past week point to a loss of momentum in Solana's rally. The token is still up around 33% on the month, but the pace has changed more than the trend.