The broader crypto market has demonstrated stagnation, including Solana, which continues its movement with no clear signs of growth. This has impacted the sentiment among community participants who were expecting significant changes in October.

Current Solana Market Scenario

While major price rallies were traditionally expected in October, Solana and other coins are experiencing a lack of gains. Some community members have termed this ongoing month as 'Rektober'.

Increased Investor Activity

Despite the consolidation, Solana investors remain optimistic. The surge in trading activity serves as an indicator: Solana's trading volume has surged by 24.88% in the last 24 hours, reaching the $4.76 billion level.

Growth Prospects for Solana

Traders and investors continue to resist bearish sentiments, supporting an upward movement in SOL price. There is a need for support around the $152 area to trigger a significant rally. Open Interest has also increased by 5.32%, confirming growing interest in the coin.

While Solana currently stands at $139.40 after a 2.15% drop, support from traders and steady trading volume levels may lead to the anticipated growth in the near future.