Solana Chart is positive

Solana breaks below the trendline first time After August 28

After today’s swift movement of Bitcoin from $59,000 to $54,000, Solana broke the uptrend line following since August 28, 2021.

The Solana price today is $194.60 USD with a 24-hour trading volume of $3,248,816,281 USD. Solana is down 8.48% in the last 24 hours, with a live market cap of $59,140,223,510 USD. It has a circulating supply of 303,912,483 SOL coins.

Solana breaks
Source: TradingView

Solana breaks: Analysis

Solana has peaked to the upper end of the trend-making higher highs on September 09 and November 06. Solana, following Bitcoin correction, tested the support of $185 and at fib 0.328. On the daily chart, Though Solana has broken the trend line, which again could be a fake-out unless we have a confirmation candle, it is still holding the support of $185 and can bounce back from this point.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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