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: 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.